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Two Words To Describe This Market: MELT UP
Don’t Fight The Tape: This is a VERY strong bull market and I’m reminded of the old adage: Don’t fight the tape. Eventually, this market will pullback- the only question is when, not if. That said, be very careful (don’t) chase stocks up here- AFTER a big run. Melt Up: One glance of the following hourly…
How To Make Money From Obamacare
Earlier today the Supreme Court upheld the subsidies for the Affordable Care Act (a.k.a Obama Care). Politics aside, here’s how you can profit from this law. Please keep in mind that many of these stocks are extended in the short term. Here is a short list of hospital/health care stocks for your review: 10 Hospital/Health…
3 Month Review Of The S&P 500; Much Ado About Nothing
LOOKING FOR LEADING STOCKS? TRY FINDLEADINGSTOCKS.COM? Facts Matter: The accompanying annotated 3-month daily chart of the S&P 500 illustrates how strong the bulls are right now. After all is said and done- the market is up less than 1% for the year, less than 1% below its all time high (hit two weeks ago on…
Stock Market Resistance & Negative (Outside) Reversal Day From Prior Chart Highs
The major averages are tracing out an ominous technical pattern known as a “negative (outside) reversal day” after encountering resistance near their prior chart highs.
Doth protest too much
By Adam Sarhan Major Disconnect Between Wall Street & Main Street We have argued for a long time that there is a major disconnect between Wall Street and Main Street. Since the March 2009 bottom, Wall Street has enjoyed very strong gains for one simple reason: #EasyMoney from the Fed and every other major central…
S&P 500 Tracing Out A Large Head & Shoulders Top?
The benchmark S&P 500 index is trading near a very important inflection point: it’s 2010 low and the neckline of its broader 2010 H&S Top. If it breaks, then odds favor lower prices will likely follow.
