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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
Encouraging Follow-Through, But One Swallow Doesn’t Make a Summer!
Tuesday’s last-hour momentum carried through nicely into Wednesday and I’m now waiting for the OVI calculations to come through into the charts.
Tuesday’s action barely made a dent in the…
Was Today a Key Reversal Day?
A huge last hour rally saw the markets surge back into positive territory, making gains for the day overall. The Dow saw a trading range of 420 points, the Nasdaq 108 points, and the S&…
What He Probably Meant to Say
No doubt in the last couple of days you’ll have read about Alessio Rastani’s rather insensitive comments made on the BBC. First, as a student of mine, I’ve personally told him that I deplor…
OVI Still Hitting the Right Notes
The OVI still can’t get into positive territory on the S&P or the Dow. Both indices are in rising channels, suggesting lower prices to come – this is of course in line with what the OVI…
First AMZN, then AAPL
On Friday AMZN broke out in just the way we like it … and yesterday it was AAPL’s turn. AAPL (Friday) Now see what happened next … AAPL breaks out yesterday and has kept going to…
Amazing AMZN
I’m going to get to the point with you today! I told you last time that AMZN was looking good, didn’t I? There is NO excuse! Here’s what I said last time: AMZN (from my 7th September…
Charts Need to Rebuild
Two HUGE up days in the markets albeit not with massive volume have given some hope on the horizon. However, we’re still looking at some ugly patterns in the markets right now, and we need t…
The Holidays Are Over … But Opportunities Are Not!
In today’s email I’m attaching the charts of the SPY, QQQ and DIA, so you can see how each corresponding OVI didn’t really participate in each of the index’s mini recovery leading up to last week.&…
Hate to Say it … But I Did Tell You So!
In my last email I mentioned that something wasn’t quite right in that the markets had made an impressive recovery – albeit on slim volumes – but that the OVI for the indices hadn’t responded in ki…
OVI Flat, Volume Still Weak
Hi Everyone Another good day in the offing with stocks today. However, the three main indices are ambiguous. Volumes are weak, though that’s to be expected with this time of yea…