The image that comes to mind after Thursday’s session is one from the 2009 Kentucky Derby when a small New Mexican horse named Mine that Bird, went off at 50:1 and won by fearlessly galloping along the rail.
The rotation …
A review of how we did it and what to look for next
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The S&P 500 closed on new highs for 2014 along with the Dow! Now the question on everyone’s mind-is this for real?
After all, 2-3 times so far this year, it looked like a melt-up coming, only to see it …
Our portfolio and new picks are meant to protect us
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If this weren’t April Fool’s Day, I would say the end of day rally was a fool’s game. However, fools are just that-fools, so they cannot possibly control all the salient factors in play.
First, looking at volume, there was …
Back to Bullish Phases but Close to Overhead Resistance
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Yes, it’s true that volume on Monday’s up move was meager compared to the selloff last week. It’s also true that the small caps regained the 50 DMA for an unconfirmed phase change back to bullish.
Equally true is that …
So far, so good in a tough environment
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Last week ended exactly as one would expect-leaving both the bulls and the bears apprehensive.
After all, looking back at the action, the S&P 500 sold off yet held the 50 DMA. NASDAQ remains weak failing to even test its …
Perhaps S&P 500 holding the 50 DMA is a sign that the worst for this week is over. Perhaps, it just means the short shooters show up at the end of the week, taking it down beneath.
Certainly looking at …