Good evening StockBandits!
The battle continued near the highs again today with no allowance given by the bulls or bears for any real movement to take place. The NAZ was able to stretch its win streak to 7 sessions, but elsewhere the story remained the same: quiet and listless.
The primary positive from today’s session was that the lows were set early in the session and invited bids, but the net changes showed sluggishness and the need for a catalyst.
My approach at the moment remains focused on high-quality patterns, so I’m doing my best to be careful not to lower my standards when it comes to taking new swings. I’m sitting on a few names right now (grid below video), and will add more whenever more great setups emerge or we see this market exhibit some better momentum.
Let’s get to the charts.
Bullish Watch (click for charts)
Bearish Watch (click for charts)
Trade Like A Bandit!
Jeff
