The market is never going to make it easy to trade and today’s environment is no different. It’s our job to shift through the mixed signals and position ourselves accordingly. I remain bullish, but cautions and I’m looking to enter some of the stocks on my watchlist in the coming days as the markets could be ready to take a 2-3 day rest, which would be the best thing for this rally.

These stocks showed up on today’s scans and should continue higher. ONXX IVN RFMD BDX

S&P Analysis – more mixed signals, but I remain a bull.

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4 Responses to “Bullish, But Not Without Concerns…”

  1. Steve Says:

    I’m not sure about IVN – news out today about Rio Tinto buying IVN shares and the Oyu Tolgoi project sent the stock tumbling. Perhaps just an over reaction by traders and I expect the stock to recover some of the sell off today. Perhaps it will present a very good entry price in the next day or so.

  2. jeff pierce Says:

    IVN & MAT issued sell signals today. I deleted them off my watchlist. Your gut is right on this one. Hey…are we on for Friday?

  3. Steve Says:

    Yep. Do you want to come over here or meet somewhere more social? Lemme know!

  4. jeff pierce Says:

    we can do your place, I don’t mind.

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