From my perspective we currently find ourselves in the handle of a massive cup with handle pattern that has a lot of upside if it plays out. As crazy as it sounds we could be heading much higher. Or…this is the double top pattern and we’re going to sink like a rock. I dislike how the market revolves around these macro-events but there’s not a whole lot to do about it.

My watchlist continues to grow as my scan has many results each night and if the market was about to roll over it’s not likely to have so many bullish patterns. My current watchlist is http://screencast.com/t/QWKe65DU

Here is my weekend video going into more detail my thoughts on the market with a few stock picks to add to your watchlist towards the middle.

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Watch live streaming video from zentrader at livestream.com

One Response to “We’re Stuck in the Handle…”

  1. Nasdaq Sets New 2010 High | zentrader.ca | stock market blog Says:

    […] if you’ve been reading this blog for any length of time you’d know I’ve been very bullish for awhile now (click that link if you need reminded why). My move to the sidelines yesterday was […]

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