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Markets retrace but OVI holds firm

Last week I repeated the suggestion that you should ‘Hold onto your gains’.  With yesterday’s pullback those words are looking prophetic, especially as we move into earnings season.  However…

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INTC chart has my patterns

Last week saw the start of a retracement which has followed a strong market performance.  It remains to be seen how severe this retracement may turn out to be.  The OVI has dipped into negat…

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Breakouts and Webinar

During the last week or so I mentioned signs of life and the post earnings gap up.  The signs of life materialized into breakouts, and several of the post earnings gap-and-flag patterns that I me…

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Debugged

A quick follow-up from yesterday … Small signs of life were continued yesterday but on low volume levels.  Also, big news on our side is that the programmers finally completed their de-bug…

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Not Many Patterns Out There

Similar to Friday’s email, it’s all a bit mixed out there, and not many constructive patterns to take advantage of.  This will change in due course, but just be patient in the meantime.  &nb…

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Markets Wobbly

So the Dow and S&P did grind to new highs but couldn’t stay there.  As I mentioned last time there were very few bullish setups and markedly more bearish setups.   We have an incons…

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Markets Grinding Up Just

Dear %%First Name%% The main indices are still grinding upwards with a few mixed signals out there, while the Russell Midcap Index is shaky.  XOM continues to behave well – this is exactly t…

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Mixed Earnings Season

This earnings season continues to be choppy with AAPL delighting investors while other stocks rather moribund.  Just a couple of weeks to go and hopefully the market will be clearer as to its int…

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