Thursday Market Wrap-Roll Them Bones


I show this chart a lot because its fascinating to me. We are stretched and overbought but individual stocks are popping all over the place.  That is the sign of a very healthy market.

We had good moves today in some of our stocks. UA, ACHN, BTU, and TGTX all outperformed.

I have a very nice setup to watch tonight.

LVS– is in one hell of a long downtrend , but the technicals have woken up.  The green arrowa on the chart below suggest a possib,e double bottom. The MACD (although still under the zero line) has crossed up.  The volune is neutral but I’m thinking a bottom may be in. This is a buy on a move (with volume) above the 50 day moving average (red line). Buy 62.75 zone.



Previous Post
Tuesday Market Wrap- Choppy and Low Volume
Next Post
A Classic Watch If You Are a Trader

Recent Articles