Tweet By Jeff Pierce Today`s rally is cause for concern when you consider the declining volume on the averages below. The Nasdaq has basically been consolidating for the last 3 weeks trading inside a box and until it can break out of this trading range one should not be overloading on the long side. It`s […]
Tweet By Jeff Pierce Don’t let the bears get you down. There’s absolutely no reason to suspect this recent breakout on the indexes should fail – at least as of today’s close. Everything is doing what it should be doing to support further gains. Stay long hopefully you bought the dip like I was advising […]
Tweet By Jeff Pierce …when/if we retest the highs. Related Posts: 3 Long Ideas In A Sea Of Bearish Sentiment Few Chart Observations From Today My Upside Targets For The Indexes Are…
Tweet By Jeff Pierce Obviously XHB could fall down to the support zone, but today’s bounce showed that it is still behaving bullish. Financials have barely pulled back. A .50 correction is nothing. Still bearish, but a countertrend rally is not out of the question.