These charts show bullish tendencies.
But, there are many more of my charts showing signs of topping and reversing lower.
This market is still undecided and so am I.
Make your own trading decisions.
Ben
Run away!!
I don`t think the indices reflect the negativity that took place on individual stocks yesterday.
Bearish engulfing candles are everywhere and I think that signifies the possibility of a pullback.
Solar failed. Coal looks to be ready for a serious pullback. The major casinos the same.
Futures are flat.
I am going to dabble short in coal and casino`s.
Make your own decisions.
Good luck.
Ben
Future are down. I love a rebound in solar stocks if oil keeps rising. There are some reasonable set-ups in stocks near trendlines. A pullback in the momentum stocks is attractive to me. JEC I like in a sector that has really taken off.
Make your own decisions.
Enjoy the trading day.
Ben
This blog is for entertainment and educational purposes only. You make your own trades and you and only you are responsible for your trades. Ideas and opinions discussed on this blog and elsewhere are not in any way recommendations to buy or sell securities or investment advice.
“All men dream; but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity; but the dreamers of the day are dangerous men, for they may act out their dreams with open eyes, to make it possible.”