IT IS NOT EASY

It is NOT easy when you have a stock up 10%, and the other 4 or 5 are up 20% 34% and so on , but we'll just have to deal with it  🙂 .  Yes, I'm kidding, but seriously that is the way it has been lately.  Dont get used to it, it can be short lived reward for the patience that we have put in. Lets discuss selling and rocket ships after a quick review.

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SPX  April 4th chart - I pointed out this bearish rising wedge and called for the markets to stop rising as a result. I said that I then would expect another run higher.

SPX 4-4

SPX - Those wedges can cause a drop or a sideways move that can correct the wedge, and so far we now have a channel . That wedge has fixed itself.

SPX 3-12 Read More

Charting The Course

Using the April 8th  (Fridays Chart), we see the markets consolidating sideways. This usually prepares it for a directional move , up or down. In this case, it can also take that bearish wedge and allow it to become a channel.

SPX 4-9

The Markets continued that sideways move on Monday...

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Pieces Of The Puzzle For growth

The environment for trading in 2016 has been excellent for traders and investors that knew where to look. If you have been a subscriber since January, then you have seen so many trade ideas blossom and grow. We have been finding various sectors that had bullish set ups that many were actually afraid to trade in.  Coming out of their lows, the potential has been tremendous if you know what to look for.

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For example, just look at this one stock.

MUX -  Whether you traded it, or bought and held when it was recommended, it is up over 100% from its lows.

 

MUX 3-31 wkly

Lets look at a number of current trade set ups with conditions that favor the upside...

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