There is so much to discuss, so little time. Who is going to “replace” Mr. Bernanke? What to look for in this week’s economic reports. Earnings flops and pop as well as the KRI Index and some insight into the reasons why markets are so resilient.
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Yesterday we posted a video on the short opportunity that is appearing on the charts for Green Mountain (GMCR). We looked at the potential for a breakdown as the price moved below a key support level and how the pattern may unfold. (CLICK HERE for the video discussion)
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It has been an interesting start to the year as volatility has dropped and buyers have thus far been buying every dip, no matter how shallow or deep. The Key Reversal Indicator (KRI) has not shown any significant areas of concern toward oversold or overheating so far.
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While...
Guest Amy Smith has a good list of stocks that she is looking at and brings us a sense of where the markets are and where they may be heading. For now, IBD has the market in an uptrend, although there are several distribution days that are piling up. We...
If you were wondering if the markets are getting overheated, the answer is YES. A reading of “3” on the Key Reversal Indicator (KRI) is indicative that there needs to be a reversion sometime in the near future. Over the past several months, there have only been a handful of...
