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Where’s The Problem With The Stock Market?

Stock-Markets / Stock Markets 2012 Mar 08, 2012 - 03:12 AM GMT

By: David_Grandey

Stock-Markets

Best Financial Markets Analysis ArticleSo 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.

    © 2012 Copyright  David Grandey- All Rights Reserved

    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.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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