October 24, 2015
Trades & Tutorials
By Geoff Bysshe
Did you see it… Is it a real change, or 15 year double top?
I’m referring to MSFT breaking its 1999 all-time high of 53.97 with a high of 54.07 on Friday! See the chart to the right. A close over 54 would be better but look…
The Bulls are BACK!
It’s time to focus, and make sure we make the most of it while it lasts.
This week AMZN, GOOGL, MCD, and even MSFT, all reached new all-time highs well ahead of the general markets, especially if you’re measuring the market on the basis of the Russell 2000 ETF, IWM.
Big stocks are moving higher with new leaders emerging, and the general market may be right behind.
The DIA, SPY, QQQ all moved over their 200-day moving averages for the first time since August. And, with 5 of the 14 industry groups we track in our 6 month group strength indicator now in the green, this indicator turns bullish too.
In the video below I’ll cover the industry group indicator right way, and then focus on how important it is right now to use the intra-day market volatility to your advantage.
The market is at a major bullish inflection point, the 200-day moving average, but the problems of the world that hammered the markets just a few weeks ago have not been solved.
As a result you shouldn’t count on the return of the easy bull markets of 1999 or 2013. However, when the markets are at institutionally watched inflection points like the 200-day moving average, it is the easiest time to get in early, with a tight stop.
In this latest video I’ll explain “the stop”, and how to take advantage of the opportunity to “get in early”.
In case you’re wondering... I’m not talking about being early in the stocks mentioned above, they are just telling you there will more moves like theirs coming.
And for the bears out there... Fortunately for them this market also has plenty of stocks that are now broken, and are likely to continue to be good fodder for short selling.
Watch the video then join us for a special "day and swing traders boot camp" this week
Learn more about how to profit from the current market conditions with the A.M. Trader strategies and weekly mentoring here (it's live so only available for limited time and 25 new memberships):
