Lots of interesting things setting up now. Here’s what I see…
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Lots of interesting things setting up now. Here’s what I see…
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Hi Jason! Coincidentally, I was emailing one of the other members of Leavitt Bros,
and on Friday I noticed ‘divergence’ between Apple (selling off), while the Nasadaq
was currently up around 12+ points. So starting Monday morning begin using the
word ‘divergence’ repeatedly over and over in analyzing the current condition
of this market. HW
Jason– Thanks. Great analysis, as always. You give a great context for trading.
Hello Jason,
I have been enjoying some of your analysis. Just curious as to why you do not cover the key commodities and the $ along with short and long bonds in your inter-market analysis. And why you do not cover the behavior of some key index weight stocks. And why you do not cover some of the influential indices like the DAX, Hang Seng, Shanghai, FTSE and commodity weighted indices like Australia & Canada.
Remember that all through the 2009 bull there are choruses of ‘oh we are so overbought’…’there is no volume’…’the economy is screwed’…etc. Yet alpha stocks like GOOG AAPL BIDU TSL took off. Perhaps we need to look under the hood once in a while to see if there is something else going on.
This all being said we are indeed at a key resistance and could roll over and I have a bias that we will continue in a range bound market for some time to come. I have taken 1/2 my profits on AGU POT SQM SLW EGO and TSL FSLR going into next week. Waiting to follow the Fed so to speak.
NTrdr…don’t assume what you see on this blog is everything I do, it’s not.
I cover more than you thing but not everything there is out there. Information overload is a dangerous trap to fall into…the more you look at, the more excuses you can make and the more reasons there will be to not pull the trigger on a set up. Less is better in my world. I don’t need to watch every stock and every market out there.