to Read While I’m Away on Vacation. Would Jesse Livermore approve of Covestor? IBD 25 Sell Rules My worst one day decline, ever. I am Visualization

The financial markets continue to do a whole lot of nothing this week and I don’t expect any spectacular activity tomorrow or next week. There’s no point analyzing the action in the charts because the low volume invalidates many of the chart patterns. The best course of action is to manage your current positions allowing [...]

Additions: HAT.V Deletions: WAB CALM AVP ALXN GENZ QCOM .Beta Watchlist Courtesy of Rickydavid

“The Buddha is said to have given a “silent sermon” once during which he held up a flower and gazed at it. After a while, one of those present, a monk called Mahakasyapa, began to smile. He is said to have been the only one who had understood the sermon. According to legend, that smile [...]

Retail and Consumer Discretionary are the latest sectors to fit into the “Lemmings” pattern which doesn’t bode well for the overall economy. My results from this scan yielded quite a few results like last night, so I’m going to list them here and update my charts on the Lemmings page. I’ve never seen this many [...]

Additions: IXYS MMC Deletions: WERN OSIP SY .Beta Watchlist Courtesy of Rickydavid

We are somewhat oversold at this point but that means nothing because we can go lower, and I’m not advising going heavily short at this point, but it’s good to know which way we are likely heading. SPX has just broken out of a wedge formation indicated by the arrow, with stochastics pointing lower. I [...]

Here are two ETF’s (Regional banks/homebuilders) that could be a sign of what’s to come in the markets as they appear poised to move lower after being rejected by the 200ma. The Lemmings scan yielded more results than I’ve ever had since I created it four months ago, in fact so many I’m just going [...]

Additions: ENG Deletions: MCD HTLD JBHT WGOV SYMC PRXL ARBA CELG CNQR HAS TDY WIND .Beta Watchlist Observations: Scans are rather pathetic yielding only a handful of results. Two big down days in a row is taking it’s toll on the .Beta watchlist as stocks are losing momentum or getting crushed. Remember it takes buying [...]