Archive for June, 2017

Another breakout. Don’t breakout the champagne…

Posted on Jun 20, 2017 by .

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In May prices broke out of a congestion formation.  But without a lot of enthusiasm — although building volume should support the bull case.  Now after a fifteen day  mutated rectangle prices have broken out again.  Given the general character of the market one is a less than enthused, but the message of the chart is clear: buy and/or add to positions.  This case has additional evidence– note the larger than usual volume.

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Shocking news…leopard change spots

Posted on Jun 04, 2017 by .

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Ever since they started selling index ETFs we have abandoned individual stocks like vehicles to hell — or jokeyless horses.  Since then we have avoided individual stocks like a recovering drunk  — none of that gambler stuff for us.  A portfolio of ETFs covering the essentials of the market is nothing but the answer to a dream.  The ultimate in diversity and all those indexers are supporting the ETF.

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