As noted in the previous post, the 20 day moving average is crossing over the 50 day average from beneath, on the NDX. This type of action can signal that an intermediate uptrend is underway.
I decided to test this cross to see what edge might exist, if any.
Rules:
1. Buy when the 20 day simple moving average crosses [...]
The markets move both ways. I view extended moves that happen in one direction, a la June and early July, as anomalies. What makes that type of move odd is that there were really no herky-jerky type spikes and pullbacks–just a straight move down.
What I’m looking for the rest of this week is a spike, of [...]
The Russell 2000 has been ripping higher, but has now reached a rather obvious point of resistance at the June high. The current trajectory is unsustainable and will be checked again soon. I’m looking for a pullback to at least $52.50
Some things to note about the (UWM: 51.25 -2.51%) : Volume on the [...]
After two days of no breakouts to speak of, today’s strength resulted in four beautiful breakouts.
Team, Inc. (TISI: 38.15 -0.47%) Good volume, great cup-with-handle.
NetEase.com, Inc. (ADR) (NTES: 26.0872 +0.84%) Not the most perfect pattern, but the volume has been outstanding.
Genzyme Corporation (GENZ: 79.52 -2.18%) What a fantastic looking breakout!
EMCOR Group, Inc. (EME: [...]
