There’s a follow-through to the upside so far today which is nice given that we triggered on a few ideas yesterday, also had many bullish mentions moving up and were looking for this to happen save for news developments. So far, so good… Bullish idea RSX could trigger today. It’s up very nicely after recovering…

Hooray! (Maybe, we’ll see how things turn out!) We finally have a few ideas that triggered with today’s close. It’s been a while! Our bullish lean hasn’t been reversed yet. Here’s hoping it sustains for at least a few more trading sessions! Bullish ideas ORCL and FXI closed above their trigger levels. Naturally, they were…

EIX triggered late on Friday by holding above the $65,35 trigger level in an up market. It joined PPL, our other bullish idea from last week, which had triggered prior. As of now, both stocks ran up very nicely this morning but backed off their highs. Remember, earnings are due out very shortly on both…

Yesterday we updated with this: If the Wall St. Gang can’t move stocks up on generally good economic news followed by “good” earnings reports, that truly will be news!  Our gut is that they should get spinnable news out of earnings and if they can’t muster a rally off those then it is time to…

This week brings a lot in the way of Big Tech/Big Data earnings:  Google (Monday), Facebook (Wednesday), eBay (Wednesday), Twitter (Wednesday), Microsoft (Thursday), Amazon (Thursday) and Intel (Thursday).  This area of the market has been a leader for some time but as we all know, it recently grabbed the spotlight for all the wrong reasons. …

The SPYs opened the week at $267.00 and are very close to that level now.  It’s been a “dud” of a week so far but there’s plenty of time left for tweets andlate on a Friday panicking.  Friday is not typically a day in which we initiate new trades.  However, because it’s been ultra-boring and not…

We’re back with another update in a week that was probably overdue.  Much of what we’d like to add is embedded within the accompanying graphic.  However, if this weakness persists, the visual “lower high” that we noted will become even more obvious and potentially ominous.  We’ve been scanning but we’re reluctant to fight against what…

In our webinar we discussed that conditions could change quickly if what we viewed as current support gave way.  That’s now becoming a strong possibility.  News in semis, and with respect to mortgage rates and developments in the bond market are weighing down the markets again today.  The S&P and the other major indices holding…

With yesterday’s closing weakness and this morning’s relatively weak opening, we thought an update wouldn’t be a bad idea since so many of our names this week are bullish. As we noted in our webinar, things looked really good for stocks coming into yesterday morning. Things were acting quite well even during our webinar but…