Giants Among Us
September 8 , 2014 There are Giants among us indeed. Have you seen any? In my last report I mentioned a few (see DGLY, JRJC,HGSH, etc) and today (Now Tonight- I tried to finish this report Earlier today, but it didnt happen) That question remains even more valid, they are popping up more & more. As you will see, the question is not only "Have you seen any Giants?" but "Can I catch a Giant?". It is absolutely a traders paradise out there. Before we get to that, let me discuss the Markets . These charts are from this weekend when I intended to write this, and since most are long term charts, I will still use them- nothing has changed.
Originally I wanted to point out that as these markets break to new highs, they also simply consolidate, pullback , run higher...basically "Do their thing" in an uptrend. Nothing really too unusual thus far, but within these markets, some equities are growing up in a GIANT way. Beaten down stocks with Strong earnings are taking off like Rockets on the launch pad. It makes me wonder, are we going to just see a blow off parabola , irrational exuberance stage in the markets eventually too? I cant tell here yet, notice here how the markets themselves just seem to be acting normally.
And on this chart of the SPX , each pullback so far...despite Geopolitical concerns , The Fed, Dragi and so on, are normal retracements in an uptrend...