Best Financial Markets Analysis Article So where’s the problem? What problem? Look at the charts below. See any problems with this uptrend? We see nothing that makes us stand up and take notice. What we do see are indexes that are in clearly defined uptrends that are pulling back off highs to prior support levels and moving averages — plain and simple.

Yesterday’s action is EXACTLY WHY WE DO NOT CHASE BUSES AND ALLOW STOCKS TO COME TO US. The last four days wiped out a month’s worth of gains!

For now? It’s all about backing and filling and a market of stocks.

Say by the way do you see all those nice names and indexes in clearly defined uptrends that have all just at this moment in time pulled back with those uptrends still being intact?

That’s where our focus is and that is how the market actually talks to us.

Take CLR for example — notice the nice uptrend and the pullback (pink line) towards support?

A break above the pink line triggers a long side trade. This is just one of over a dozen set-ups on our watch list

By David Grandey www.allabouttrends.net

To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

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.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.