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Swing Low, Sweet Chariot ….
Posted on March 16, 2014 Leave a Comment
As we have discussed multiple times in this venue, the move since 2009 has been one heck of a ride. This chariot of stock market emotion is, literally, off the charts. It is at an extreme that has surpassed 1929, 2000 and 2007. For the past 6 months it has defied the powerful cycles and […]
Utilities (DJUI) update
Posted on February 18, 2014 Leave a Comment
Utilities as a safe play … not yet! Utilities broke out of the potential triangle ID’d a couple days ago … the move up had volume and note the large candle present. The chart below shows the next pattern w/ regard to a bearish outlook on the Utilities sector. if this level does not hold I […]