We still don’t have many solid breakouts despite the large three day rally we’ve had so far. We have a steady number of breakdowns each day but they no longer hit thousands in number. The most promising gauge? The new highs-new lows index. The market hitting 235 new lows is actually bullish compared to some of the numbers we’ve seen last month (Oct 10: 22 New Highs/4,340 New Lows!!!). Yesterday formed a doji, or indecision day, and that means the market can go in either direction, nearly 50/50. Usually, this determination is made on the opening gap, depending on its size. There’s a mix of spiker plays, possible double bottoms, and a few breakdowns, all for educational purposes to be used in the future.
THQ: Collecting A High Yield From Increased Medical Spending
37 minutes ago
2 comments:
I really like this segment. I hope you will do more of these. Have a good Thanksgiving.
charts very well commented...
Post a Comment