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Market came back

Yesterday the market started on negative side with gap down but by end of the day managed to erase those losses. That is a sign of underlying bid in the market.

Individual stocks are showing orderly pullbacks and breakouts continue to expand and have follow through.

New sectors continue to breakout and also follow through is good. All in all so far a very orderly up move.

As long as heavy selling does not hit the market, this is market for momentum and breakout traders. 
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It is a young bull market

It is a young bull market. A correction/consolidation will not be a rally killer unless we get a bearish breadth thrust. Sector rotation is...

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Stockbee Member Feedback

This site has changed my life. I just signed up for another two years. I'd sign up longer if the option was available. by nprassas (A...

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A minor pullback/consolidation may be the next step for markets

When you have a very positive day after market being up for many days, lot of time the speculative juices get flowing and you lose situatio...

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Understanding the maths of swing trading

Swing traders look for 5 to 20% kind of moves in a short period of time. In order for these moves to make a difference to your account ...

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Money is rotating in to new stocks and new leadership is emerging

It is a bull market and time to keep aggressively looking for opportunities. Unless there is high volume selling , any dip is buy opportuni...

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We are fast approaching extreme bullish breadth levels

Stockbee Market Monitor We are fast approaching extreme bullish breadth levels on the MM. In the short run that is likely to lead to a...

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Joe Fahmy: FREE Webinar on Relative Strength

Make sure to sign up for my FREE Webinar on Relative Strength today (Wednesday, January 18, 2012, 4:30PM EST). Here’s the link: http://joef...

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A stampede to get in to beaten down stocks

What you saw yesterday was a stampede to get in to beaten down stock. The top 10 stocks up the most yesterday were all beaten down stocks. ...

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Expect earnings breakouts and breakdowns to dominate the action

We continue to see mixed action with both breakouts and breakdowns. But some breakouts have nice setups. Breakouts from bottom are best wor...

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Stocks that were going sideways for few months are having breakouts

We had 5 days of positive breadth with 3:1 stocks breaking out 4% plus. As a result we have breadth thrust on 5 day cumulative breadth indi...

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Market tells you a lot from the way breakouts work.

Market tells you a lot from the way breakouts work. If breakouts do not have immediate follow through it indicates weak conviction. This is...

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Aim for orbital change in 2012

Making real progress in life or trading or relationship or career is like a orbit jumping process. Your task is to jump from lower orbit ...