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I hope everyone enjoys the down time on the Thanksgiving holiday. The market is mired deeply into a correction and possibly making is second wave...
Watch lists are updated. The market is correcting in an oversold state; as such, it is difficult to generate a profitable scenario for mid-long-term...
I mentioned yesterday calculating a P&F price target on the NASDAQ. The attached image shows a traditional 3-box reversal Point and Figure chart of...
The market is about to open. I notice in the futures market that the dollar is up, and gold is down. Watch lists are updated. I have modified my...
Today was not a good day in the market. The morning started with VRX breaking out and then it quickly got hit by a large wave of selling. The NASDAQ...
Hello Mike, Do you think this can qualify as a cup with handle? Thanks very much. Adriano
We had a follow-through day yesterday. The MarketSchool threshold of 1.25% was not quite met but the IBD call was quite reasonable given the action...
Today is rally attempt day 4. In CANSLIM methods we define a follow through day as a significant advance on one of the major indices (S&P, NASDAQ,...
The image below shows recent breakouts and how well they are working.
Yesterday's action was difficult to read for me as pertains the future direction of the market. It was obviously terrible market action and IBD put...
We had another pretty negative day today. The market was down all day and sold off into the close to finish at the lows of the day. Volume was about...
The market started out pretty strong this morning, but then staged something of a reversal. After opening higher the major averages peaked in the...
Watch lists are updated. Contrary to the drum beat of only acting short term in today's market I have expanded my trading horizon. For me not...
The market tried to have a rally today with decent gains early, but couldn't hold it as there was a sell off and the major averages closed about flat...
The market had another strong move today and the major averages look poised to take out the late May highs. In fact the Nasd 100 did make a new high...
I have been acting on the fact that the market retraced 38.2% of the down move and in a weak market this may be the extent of the rally before...
http://quantifiableedges.blogspot.com/2011/06/impact-of-breadth-on-follow-through-day.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+...
I am seeing a few things that cause me consider that we may see a break to the upside. I am currently short but with diminishing conviction. Point...
The market continued to consolidate recent gains today as the major averages were little changed on the day. After selling off early the market spent...
The market had another fairly unimpressive trading session yesterday. The major averages sold off at the open and spent the rest of the day working...
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