While waiting for the Fed announcement and Bernanke’s press conference, here is an updated chart for NNVCD, updated from yesterday. Included today is the False Bar Stochastic: Black horizontal lines above stochastic indicator suggest that the upside momentum is so bullish that any stochastic sell signals should be ignored. Yesterday [Read more...]
I was going to mention CTIX in today’s Market Close Report…….but I forgot. Better late than never.
A subscriber sent in an interesting TA chart today and in tandem with the Daily Trend Model does suggest a buying opportunity at hand. Certainly if you have yet to buy CTIX, [Read more...]
The market has quietly opened higher, though it’s a little early in the session to assess the sustainability of this rise. Quiet or not, a rally that finishes the week higher will almost certainly reverse the Weekly Trend Models higher, opening the door for us to take a much more [Read more...]
The angst last Friday over the Greek elections and potential for volaitlity at today’s Open has proven to be yet another false alarm. But that’s not what I want to talk about this morning. Instead, this is what we need to be looking at:
I already have large stock positions [Read more...]