I wasn’t surprised to see the Dow shoot up late in the afternoon after it broke out of the symmetrical triangle it was trapped in for most of the day, but I expected it to stall around the 7965 level, which was the...
Read MoreToday the 10 day ema rose over .95, which in the past has been a pretty reliable indicator to enter long positions in anticipation of a bounce. Combine this with the $CPCE itself hitting 1.26 which is the highest close since...
Read MoreI want to revisit a previous post I wrote back on October 4th entitled Examining Previous Bottoms. I feel that this post was pretty important because it gave you clues of what to look for when a index may be about to suffer a...
Read MoreI’m going to start a new category that is totally off topic in an attempt to let my readers crawl inside my world, if only for a moment. Most of the time they will have nothing to do about trading but I’m sure...
Read MoreA few days ago I asked you what stock you would want to buy at rock bottom prices were you able to buy it at the absolute bottom with no fear of further declines. While I didn’t get as much participation as I would have...
Read MoreIt’s tough to make money during bear markets, everybody knows that. But it shouldn’t be anymore difficult to make money in a down trending market as it is in an up-trending market. A trend is a trend and as long as...
Read More41% to 59% with more coming in on downside volume which I find peculiar as the Dow was up 150 points. Yes the Nasdaq was basically unchanged, but volume was heavier on this move up which to me indicates some accumulation. This...
Read MoreThe RSI (Relative Strength Indicator) is one of my favorite indicators to use when reading charts. There’s really so many ways you can you it such as looking for divergence, oversold/overbought readings, and watching for...
Read MoreWhile I’m not getting to excited about buying any stocks long at this time, it’s always good to have a watchlist ready should the market surprise everyone and go bullish on us. here is the latest breakout I found on...
Read MoreJPM, C, MS, GS, MER are all potential day trades today as long as market remains weak. clipped from www.finviz.com
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