nasdaq bullish % remains above its 20 day simple average and rest clearly in bullish territory for the overall market.
this could change soon, but for now this chart is telling us that the short-term and intermediate-term trends remain upward as so many charts remain bullish.
we also can see that the etf that tracks the total market has given up a little in the past 4 seesions, but not too much. it says stay long biased for the short and intermediate terms. keep an eye on these two markers and act appropriately when they break down
i recently posted about AEA and took a position. i will hold that long. my stock screen for longs has turned up another very interesting stock, PTRY. do homework. this fundamentally sound company is a technical strong buy. this on has already advanced 6% from its low of 2 sessions ago and looks coiled to spring up to another 20% because resistance will be over-come by improving fundamentals
this could change soon, but for now this chart is telling us that the short-term and intermediate-term trends remain upward as so many charts remain bullish.
we also can see that the etf that tracks the total market has given up a little in the past 4 seesions, but not too much. it says stay long biased for the short and intermediate terms. keep an eye on these two markers and act appropriately when they break down i recently posted about AEA and took a position. i will hold that long. my stock screen for longs has turned up another very interesting stock, PTRY. do homework. this fundamentally sound company is a technical strong buy. this on has already advanced 6% from its low of 2 sessions ago and looks coiled to spring up to another 20% because resistance will be over-come by improving fundamentals
