During times when volume is slack and there is not much going on, I like to scan for stocks that have recently broken out or broken down, and have re-tested their breakout/breakdown pivot points. These types of setups allow entries into stocks that have already begun making a strong move, but are taking a breather. It is [...]
Well, I’ve messed around tonight and ran out of time to write something meaningful.
So, I’ll write about an album I’ve rediscovered, thanks to my 17 year old.
The album is the Red Hot Chili Peppers: Blood Sugar Sex Magik. I believe it has to be ranked in my top ten favorite albums. We’ve been riding around [...]
$INDU 50 day average = 11680
$COMP 50 day average = 2354. The Nasdaq is fast approaching its 200 day average, from below.
The S&P 500 is just below its 50 day average which is 1297.
Rob Hanna, former writer for TradingMarkets, has been publishing some fantastic work on his blog, Quantifiable Edges.
I strongly encourage you to stop by and check out his blog. His style is original, his prose is succint, and his studies will help you get an edge in this market.
