Here are four stocks that are displaying above average strength and breaking out to new multi yr highs. All have released earnings save for PRGO, which is scheduled to release on February 1st. I don’t like to hold stocks...
Read MoreBy my sector strength scan Steel’s move is by far the most impressive. Not only did we have a breakout that took out the 2010 highs, we did so on 2x the average true range, which means this move should have more to...
Read MoreIt’s really hard to get all you want to say inside of 5 minutes, so I apologize for the abrupt ending. Essentially the markets can go either way at this point because my timing signal is close to going bullish or bearish,...
Read MoreMany people base investment strategies around the Presidential cycles. Below are a couple of charts with predictions of what the markets will be that I found on Barry Ritholtz’s blog. I also wanted to include a chart of my...
Read MoreI’ll have to reevaluate these targets when/if they get hit, but right now it looks like we’re on track to hit these first targets for gold and silver. The one on gold is a fairly obvious trendline, so it may get...
Read MoreThe following is a guest post by Mobile Guru. Anyone who has ever bought a Sunday paper you know that the ads comprise a majority of the paper and sometimes it seems like there are more ads than actual content. One large piece...
Read MoreNo sell signal on the markets as the Dow continues to make new multi-year highs. It remains safe to trade the long side right now and we’ll see if there’s any downside follow through later in the week. Right now the...
Read MoreThis is no surprise when I say the US Dollar is in a long term downtrend, but last month I noticed some strength in the Dollar’s technicals which had me thinking that we might be in for a rally in this...
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Read MoreI’m hearing rumblings that we’re seeing sector rotation out of the Nasdaq and tech stocks and into more traditional business found in the Dow Jones. The problem with this theory is that I’m not seeing many good...
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