I’m starting off my week by taking a look at some basic moving averages on major indexes and ETFs. The market is clearly in an uptrend. Therefore, my portfolio continues to be a long only portfolio. I’m continuing to follow my plan of pyramiding up my long exposure as profits increase.
RESITANCE COMING
DIA
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Four momentum stocks from my trading radar that might be primed for a move higher. I’ll wait until the employment report tomorrow before making a decision whether to add these.
SCL (Stepan). The long term chart shows the big inverse head and shoulders we see on many charts followed by a small inverse head and [...]
I mentioned yesterday that I use the IBD 100 as a resource for momentum stocks. Below are 14 stocks from the IBD 100 trading around the stock’s all time high. When we look back at 2010, it would not be surprising to see a couple of these names as top performers for 2010. Other stocks [...]