Two Words To Describe This Market: MELT UP
Don’t Fight The Tape:
Don’t Fight The Tape:
Several Strong Setups: One thing I look for each week is strong setups. Anyone can be a great Monday morning QB and say – look at how strong XYZ is AFTER it broke out. For me, I find the real value is finding the gems before everyone else. Advanced Entry/Exit Points In Leading Stocks &…
Lower Fuel Prices Help The Airlines Over the last eighteen months, oil prices have plunged over 60% and remain in a ugly bear market. Certain industries benefit from lower oil prices, most notably the airlines. It is important to note that fuel is the biggest expense for the airlines and the fact that fuel prices have fallen…
IF YOU LIKE THIS POST- JOIN OUR FREE NEWSLETTER & GET POWERFUL IDEAS DIRECTLY TO YOUR INBOX
Like This Post? SIGN UP FOR OUR FREE NEWSLETTER & GET POWERFUL IDEAS DIRECTLY TO YOUR INBOX Each Week On Thursday we wrote that the S&P 500 (SPX) was about to breakout of a H&S bottom pattern. The correct term should be a H&S continuation pattern. Semantics aside, this is a bullish pattern and the bulls…
The Lovely: Stocks are getting weaker, not stronger. The Good: 1. Leading stocks are acting well 2. The Dallas Fed manufacturing survey rose to 5.0 which beat the Street’s forecast for 4.5 3. Case for the Fed to taper in September has weakened 4. The Richmond Fed Manufacturing index, which measures manufacturing activity in region, jumped to 14, easily beating estimates…
Looking For Leading Stocks? Find The Right Stock, Right Now Know Your Customer Rule: Everyone in the asset management business should know FINRA’s Know Your Customer (“KYC”) Rule – Here. The rule basically states that it is the portfolio manager’s responsibility to pick investments that are suitable for each client (that is why it is…