Great week so far this week in the Markets and in the Chat room. Now things are reaching overbought level. Overbought/oversold levels can stay longer than anyone thinks. Little caution is definitely warranted. below is chart of $NYMO,a popular indicator that many investors and traders use to gauge oversold.overbought area. As you can see its at a peak of …
Nice day for the markets. We had multiple opportunities for the market to crack intraday support at spx 1356 we tapped it 3x in the morning but no break. the bulls came in and popped the market. Friday we had a big rally and it was important today to have a bit of follow …
Decent day for last nights watch list alerts. MGAM broke out with almost $1 gains. CTRN, AVID also had some nice gains. BCOV Like the way this one shaping up. Cup &handle pattern. Bouncing 20 EMA. Watching over 16.05. Breaks out at 16.47. CVO Like it over 2.40 for a rental. EXAM Low …
AMRS Like the volume footprint on this stock. Watch over 4.45. ARCO Like the way its basing at 50 MA. Over 15 for a trade. AVID Decent base below this 7.50 area. CTRN Bouncing 20 ema and break out area so far. Watching for a continuation. FSS 6 could be …
Evening folks! Happy Sunday to you all. crazy day on friday the market gapped up and didnt give back even 1 inch of its gains closing in on highs. Once again anybody who bets against government intervention and on the free markets lose! I was a bit surprised with the ferocity of the rally on …
Evening folks! wild day in the markets. It seemed all day that we would break lower in the markets and we had a trend down day for the most part till a 2:30 rumor came in and saved the day. This type of choppiness will be the norm for a while we are stuck …