James "Rev Shark" DePorre
Recent Articles By The Author
While many stocks have become overbought into resistance levels after the big run, the churning and choppiness is helping charts to develop in a positive way.
For the fourteenth straight day indices traded higher in the final 45 minutes of the regular session.
Early strength was sold Monday morning but there are some signs of support.
The backdrop of a dovish Fed also makes it hard for the bears to press their agenda.
There are two things that work to benefit you when you avoid downtrends.
We saw today some signs of a favorable environment for stock picking and I'll be looking for that to continue next week.
The big question for us to consider now is whether this reversal action is going to lead to another big trend.