July 5th – Gradual Change

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With only 1/2 day trading on Monday, did anything really significantly change for todays report? Nothing has changed from my expectations, but we did see some decent moves, and they are worth discussing, so lets begin...

 

DJIA -  This was in the weekend report. An eventual drop to the 50sma or more.

The NASDAQ was what was really looking rather toppy. We have not seen the kind of deep selling that I would be expecting now  ( ICL).

 

SO I used this chart in the weekend report to point out 1 of 2  possible drops, and I pointed out what looked like possible 'distribution'  volume at the highs.

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Holiday Trading For July 3

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With only 1/2 day of trading on Monday in the U.S.,  wedged between a weekend and a holiday Tuesday where the markets are closed,  I think that we can expect light volume trading on that Monday.  Many people may have just checked out and gone away from Friday through Tuesday,  so let's just discuss where we are with the markets.

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DJIA - The markets have started another sideways consolidation or pullback again, however...

 

This does look a bit like 'distribution at the highs' with that heavy volume. Please read the chart.

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Friday June 30 – More Stock Picks

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I wanted to add some more stock picks to the list that we already have out there,  and there is also something else that we should keep in mind...

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