Do we buy reversals or breakouts in Category 3?
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And so the month ends with the best first quarter performance since 1998. 1998 had drama for sure. The Russian ruble crisis resulted in a collapse of Long-term Capital Management (LTCM). In October 1998, the company was rescued, but only …
The Dow (DIA), S&P 500 (SPY) and Russell 2000 (IWM) all recovered from the gap lower to close in much better shape. However, we remain tempered in enthusiasm as the quarter ends because all ran up to resistance at the …
What should we look for before we enter the market again?
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If the market is "Hungry Like a Wolf", it managed to scare the livestock off, but with how much collateral damage? Second distribution day in volume in the last 2 weeks, but no real major volume to speak of. With …
Now we start to look for fresh longs with low risk
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NASDAQ 100 is becoming the "Boy Who Cried Wolf," with today's new multi-year high, close on the intraday low pattern we see once a week these days. Ok, so some sheep are nervous and rightfully so. Most of this rally …
Looking for your help on naming the 4 categories
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Not too crazy about a weakening US dollar for the ultimate best case scenario (the one where the improving US economic recovery takes the credit for the rally). Nonetheless, since we have been long across many groups and sectors since …
How to use the Categories
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