Yesterday in our newsletter we said: “Fireworks are expected after the close with GOOG’s earnings. It ought to be interesting to say the least. If they are bad? It might allow us our in the face of fear trade on AAPL...
Read MoreHere are your “Into The End Of The Quarter” Trend Channel charts. Let’s move on to the 60-minute charts. Interesting to note that the OTC is backtesting a broken trendline (PINK). Now let’s move on to the...
Read MoreOne of the best change in trend patterns is the First Thrust Down short-sell pattern. The saying goes: “First Thrust Down, Snapback Rally, Bombs Away” Let’s look at some examples: BCSI Classic first...
Read MoreWhen the S&P 500 and the OTC Comp were both in nosebleed levels hugging trend channel resistance we talked about what happens to leading names when the markets pullback. We talked about the power of the 50-day average and...
Read MoreThe MARKETS HATE UNCERTAINTY and that’s where we are at currently. That uncertainty can be summed up in a few words MID-EAST, from Libya to Bahrain and then some is what’s creating the uncertainty. Should Libya fall...
Read MoreWhen looking at the indexes: In the S&P 500 chart above we said: So what happens when we pullback to either the 50 day average, the blue support line or the green trend channel support line to names like AAPL, NFLX, BIDU,...
Read MoreThe charts of the indexes today remind us of April 2010 where the indexes chewed around for what seemed like eternity before rolling over. So let’s explore that statement shall we? Below are the S&P 500 and OTC Comp...
Read MoreToday’s buzzword is DEFENSE As a lot of you football fans will find out this weekend, no matter how good your offense is you can not get to the Superbowl without a good defense! We talked about the market being Over...
Read MoreIn this market, the key is to: Buy the dips, (as long as we are in an uptrend as defined by being above the 50-day and trend channel support) sell the rips (that’s getting the first down) and yes upon doing so over and...
Read MoreAll stocks at some point in time will go into a period of consolidation. This is healthy as it allows the stock to digest its gains and set a new area of support from which to eventually move higher. One long side pattern...
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