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Technically Bullish, But Protect Your Profits
The indices have crept further into extended territory, and technically remain bullish, but it’s this kind of territory where positions can be vulnerable to very sharp pullbacks, even if they’re temporary in nature. We haven’t yet had the increase in volatility that I’ve mentioned recently … But it will come, so protect your profits as per our EDGE Trade Plan, you’ve earned them! By the way, there’s a slight glitch with the blog archive today, which will be updated and fixed on Monday. Market Outlook: Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time. Bullish but with the caveat that the indices are overstretched. Again, we’ll stick to our trusted formula, ie. stocks that are bullish and close to their Key Levels (ie. not overbought). Watch the video
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Markets Dancing On A High Wire
Twelve weeks until our VIP Stocks Summit in London … It’ll be with us in a flash, and by then
More Volatility Is On The Way
An eventful four day week is putting it mildly! It started on Tuesday with the S&P and Nasdaq gapping down,
Indices Takes Labor Day Holiday Early
After the first four days of tepid upward action, the market decided to take Friday off for the Labor Day
Volatility Yes, Direction Not Quite!
Last weekend I predicted volatility … but I didn’t expect the direction to be quite what happened! No harm done … short weeks following a holiday Monday can be a little treacherous, which is something I did more than allude
Follow Through As We Anticipated
A grizzly Friday afternoon session provided another big red pie for “Downward Momentum” stocks, which is especially sensitive coming before the Labor Day holiday weekend. This means an extra day for news (good or bad) to seep into the market,
Markets Playing Out Uncannily As Suggested
The expected third leg down, which I’ve mentioned would happen many times over the past few weeks, is happening before our very eyes, and it’s not hanging about! Remember what I said just last week! In line with my reading
Short Term Choppiness Will Be Ideal
In line with my reading of the markets over the past few months, I’m hoping this current stalling action will be followed by short-term choppiness and then a decline that will complete a Shrinking Retracements third leg down in the
Market Still On Track With Last Week’s Analysis
Market Outlook: We did pretty well last week with some notable winners and no “stinkers”! From last week: This suggests to me that the rally will weaken. The question is … when?! My answer is within a matter of weeks. I’ll
Current Upswing is on Borrowed Time
Another week, and more inconsistent earnings results with a number of upside and downside surges. As I’ve mentioned over the past couple of months, we are most likely in a multi-month basing period, which means there will be tradeable moves
Strong Rally is Marker For Strong Base
Last week we cheered the indices breaching their 50-dma’s. This week they spring-boarded off those levels for a strong rally. As I’ve mentioned several times recently, it looks to me like basing action is already in place, and the last
Inconsistent Earnings Mirroring Market Uncertainties
Greetings from the glorious, hot and sunny Greece! It had been a good six days for the markets up until Friday, where SNAP and TWTR sucked some, though not all of the goodwill out. The major indices are all above
Earnings Fail The First Test
The first round of earnings results has been a bust, with the financial stocks struggling to impress. Oil, energy and materials showed further weakness too. This is during a week where inflation numbers also gave a jittery market more jitters.
Earnings To Be The Real Test
A constructive post-holiday week for the markets with some notable winners that I highlighted last week, further underlining my theme that we could be seeing the first signs of a stock market starting to base. If you didn’t read that