Good evening StockBandits!
The new week kicked off today, and given that it was a Tuesday, the ho-hum routine of the buyers kicked into autopilot and another rally was seen. [Read more…]
Iffy – Blueprint 5-28-2013
Something to Work With – Blueprint 5-27-2013
Happy Memorial Day StockBandits!
If you have served our country in any capacity through the Armed Forces, I want to personally thank you. Many have made the ultimate sacrifice for our freedom. I want to sincerely thank you who are retired or active or are reserves for the personal sacrifices you have made in serving our country.
The indexes saw their first multi-day pullback last week since mid-April following a straight-up month-long advance. [Read more…]
Review of the Indexes 5-27-2013
The bulls surrendered their 4-week streak of gains via some profit-taking last week, shaking things up a bit on the charts.
As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.
NAZ – The NAZ lost 1.1% for the week, but more importantly carved out some resistance which should prove very helpful to us going forward.
SP500 – The S&P gave up 1% last week and failed to accelerate out of its channel. It now stands a little over 2% from its intraday high set last week.
RUT – The RUT reached 4-digit territory last week for the first time ever, then quickly sold off to return to the 900’s. This small-cap index was overdue a dip, and we now have some short-term levels to utilize for support and resistance.
DJIA – The DJIA may be carving out a bit of a trading range up here, so we’ll keep an eye on the high and low of last week in case price moves laterally from here.
Take a trial to our Stock Pick Service to get our trades.
Trade Like a Bandit!
Jeff White
Not With a 10 foot Pole – Blueprint 5-22-2013
Good evening StockBandits!
Just a day after the Tuesday streak was extended to 19, we saw some very meaningful Wednesday withdrawals take place today as stocks snapped back in a rather dramatic recoil right off fresh new highs. [Read more…]
What Do You Expect – Blueprint 5-21-2013
Good evening StockBandits!
The market went higher for yet another Tuesday – what else might we expect? [Read more…]
Comma Territory – Blueprint 5-20-2013
Good evening StockBandits!
The RUT was the story index of the day, not because it’s the only one that finished green but because for the first time ever it needed a comma in its quote once it cleared 1,000. The excitement didn’t last long with it topping out on the day at 1001.50 before finishing back beneath the 4-digit threshold, but it’s a milestone nonetheless. [Read more…]
70 Degrees – Blueprint 5-19-2013
Good evening StockBandits!
The indexes all reached new milestones again last week by tacking on more than 1.5% across the board. Selling was virtually non-existent as the only declines we saw were extremely minor and quickly erased with more strength. That has been par for the course since the market turned higher April 19th, as it just hasn’t looked back since then. [Read more…]
Review of the Indexes 5-19-2013
The buyers continued their domination last week, marking the 4th consecutive weekly gain since the mid-April pullback.
As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.
NAZ – The NAZ is up 10.4% since the mid-April low, leaving it very extended with this nonstop move. Regardless of the near-daily upside progress, getting aggressively long after a run of this magnitude simply involves greater risk as profit-taking will eventually arrive.
SP500 – The S&P had a measured move projection to about 1665 out of the 67-point trading range (1530-1597) it left behind when it cleared 1597, and on Friday it achieved it plus a couple of points with a close at 1667. The momentum might last a little longer, but this isn’t a spot to be adding long-sided exposure until at a minimum some rest has taken place.
RUT – The RUT is pressing 1000 for the first time ever and is now within 19 points of its measured move to 1015. This incredible 4-week run has lifted this index nearly 11%, leaving it very extended and well overdue for a breather.
DJIA – The DJIA has nearly met its upside projection as well, closing just 26 points from it as of Friday. This index is moving at a more sustainable pace (or angle) than the others, but it’ll take cues from them. As they appear very stretched, caution is warranted in this index as well – particularly after this 500-point breakout in just over 2 weeks time.
Take a trial to our Stock Pick Service to get our trades.
Trade Like a Bandit!
Jeff White
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