Stock Market Cup With Handles Are Everywhere
Stock-Markets / Stock Markets 2011 Nov 13, 2011 - 12:53 AM GMTWhile the news is all about Europe this and Europe that, we just look at the charts. And the charts are telling us that this might be the best time to buy stocks. Why? Because the indexes are sporting positive technical structure in tandem with many leading stocks.
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When you look at the indexes, you can see from the green lines that both the S&P 500 have carved out nice cup formations. The pink line represents recent consolidation or what one would refer to as a handle.
A break above the pink line could trigger a solid run into the end of the year for the indexes. Now let’s take a look 3 of the stocks featured to our paying subscribers.
The key to success in the market is trading in tandem with the indexes. And with that, we see cup with handles everywhere! All that needs to happen is a decisive move above the pink lines in both the indexes and these stocks and it’s off to the races.
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By David Grandey www.allabouttrends.net
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David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.
© 2011 Copyright David Grandey- All Rights Reserved
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