Another breakout. Don’t breakout the champagne…

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.

In general the market context is very nervous with not just one but a whole coop of chickens worried about the sky and bizarre political risks due to the mercurial nature of  the wheeler dealer in charge.  But you have to do what the chart says — otherwise you wind up losing integrity — and money.

We will be adding on in our personal accounts.

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