I find that lower volume when an index churns is a more reliable sign of a topping pattern. Often times investors/traders point to an index that is rising on lower volume and they expect it to fall and it never does. I would be...
Read MoreAfter the recent double top in the $BSE, preceded by a massive run from 8k to 21k, it’s no surprise that the Bombay Markets took a well deserved rest. I have reason to believe that this market has bottomed and is about to...
Read MoreOut of all the individual sectors within the Dow Jones Transportation Index, it’s the railroads that offer the largest number of stocks hitting new highs and that are outperforming their respective index chart for that...
Read MoreI wanted to let my subscribers know that I uploaded a new stock pick in the members section here. If you’d like to gain access to the benefits that subscribers receive, which include an occasional stock pick or two, you...
Read MoreThe Transportation Index is starting to show signs of life that it isn’t going to drag the Dow Jones down as it appeared it could have. I pointed out last week that the Dow Theory states that both the Dow Jones and the Dow...
Read MoreThe following is a book review by Stephen Burns. How We Made 18k% in the Stock Market Trade Like an O’Neil Disciple (Wiley Publishing) a great book for those of us wanting a peel back the curtain and take a peak inside the...
Read MoreThis makes most traders sounds like savages…lol “Most investors’ decisions “can only be taken as a result of animal spirtis–of a spontaneous urge to action rather than inaction, and not the outcome...
Read MoreI see this as an important chart that I keep coming back to in my nightly research that is signaling that a correction is very close. Over the past 3 and a half years when the VIX gets near the 15 level it has a...
Read MoreAs this market continue to set new highs, it’s important not to chase stocks. I see nothing in the Nasdaq charts that imply we’re going to correct, but I would like to see some sideways action to consolidate these...
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