In recent posts, we’ve said: “We’ll want to see how the market and leading stocks respond should they hit support at the blue lines.”We’ve laid out uptrend lines and support lines in the...
Read MoreRange-bound trade is still the order of the day. We’ll want to see how the market and leading stocks respond should they hit support at the blue lines. Sure enough leading stocks have responded thus far.Watch list ames...
Read MoreIt’s A Market Of Stocks Not Just A Stock MarketRight now the markets are retesting their highs. Should the retest fail and leading stocks like AAPL, CREE, CMG and NFLX form double tops, then we’ll really want to pay...
Read MoreFor the last month or so the markets have been overbought technical indicator after technical indicator wise, yet they have refused to give up the ghost so to speak. We’ve also been talking about what to do with a...
Read MoreWas that it? Was that the top? While many are asking this question the answer is yet to truly reveal itself. If it is then it’s of the trendline break variety. But more often than not usually you get some sort of rally...
Read MoreSay it with us. WE DO NOT CHASE STOCKS WE LET THEM COME TO US. Today’s market action is exactly why. We think it’s safe to say the monkey flipped the switch today. GS news or not the market was extended and a lot of...
Read MoreIs It Live? Or Is It Memorex? Anyone remember that commercial?We’ll add our two cents to that in the form of the chart below:Basically said another way? Outside of the financials, our REAL economy is pretty much barely...
Read MoreWhat should you do with an extended market or shall we say a market that doesn’t pullback? When you look at the indexes, that’s what we have right now. But first let’s talk corrections and consolidations...
Read MoreA lot of issues are forming various degrees of double tops.At the very least most of these are saying pullback time. While these stocks are not short-sell trades yet, they are setting up nicely. To learn more, sign up for...
Read MoreThe theme over the past week or so has been that of no follow through and no decisiveness. Earlier in the week we said we’d rather get that 1180 level out of the way and here we are tagging 1180 into the holiday. So now...
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