This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
Are you noticing?
More stocks are working to the upside.
More of our upside objectives are getting achieved.
Many of our shorts never even get triggered.
A lot of breakouts are holding.
What type of market environment would you describe that as?
Well, we’re seeing the most stocks on the NYSE above their 200 day moving average since March.
The Dow Jones Industrial Average just went out at new 6-month highs.
So did the S&P Financials Index.
None of these strike me as characteristics of downtrends. [Read more…]