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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | March 6, 2024
• Today (8:33 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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AI-generated Buy and Sell Daily Signals
By: Hedgeye | March 6, 2024
• This is free access to our brand-new AI-generated buy and sell signals.
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$QQQ Start the week red, end the week green has been the status quo all 2024 for the Nasdaq...
By: TrendSpider | March 5, 2024
• $QQQ Start the week red, end the week green has been the status quo all 2024 for the Nasdaq...
Something to keep in mind this week.
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If history is any indication, the current 4-month rally by the S&P 500 is likely a post-recession rally or a bubble. Which do you think it is?
By: Barchart | March 4, 2024
• If history is any indication, the current 4-month rally by the S&P 500 is likely a post-recession rally or a bubble. Which do you think it is?
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Nasdaq 100 Continues to Look Bullish
By: Christopher Lewis | March 5, 2024
• The NASDAQ 100 has been a bit of a juggernaut over the last several months, and there’s nothing on the charts early during the Tuesday session that suggests that we are not going to continue to see this extraordinarily bullish behavior.
NASDAQ 100 Technical Analysis
On Tuesday, you can see that we initially pulled back just a bit during the early hours only to find buyers yet again. This is a market that is in a 45 degree up trending angle and that of course is a very bullish sign. At this point in time, it looks like 18,000 will offer short-term support, right along with the 20-day EMA. Underneath there, you have the 50-day EMA, and then finally, 16,950. All of those areas are possible floors, and therefore, I think we see the market continues to go higher. The 20,000 level above, I think, is starting to become a very viable target at this point. Needless to say, that’s an area that would attract a lot of attention and probably grab quite a few headlines. However, I just don’t see anything to keep us from getting there.
Remember, momentum begets momentum. As traders around the world continue to bank on the idea that the Federal Reserve will be cutting rates later this year, the NASDAQ 100 is a natural beneficiary. Furthermore, we have the race into anything that is related to artificial intelligence, and that of course will have an influence on the NASDAQ 100 itself. Because of this, I like the idea of looking at every dip as a potential buying opportunity. This has been a viable strategy for some time.
That doesn’t mean that you jump in with a huge position. It just means that you’re buying on the dip, selling when it rallies a bit too much, and then repeating. I think that’s essentially been the way the market’s behaved here for a couple of months anyway. Is the market overdone? Yes, by most metrics it is, but it doesn’t seem to be affecting it. Momentum is just driving this thing straight up in the air. That being said, just a little bit of patience and a little bit of work on your timing makes this an excellent buy on the dip index.
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AI-generated Buy and Sell Daily Signals
By: Hedgeye | March 5, 2024
• This is free access to our brand-new AI-generated buy and sell signals.
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$SPX Well that's a major change in positioning
By: Cheddar Flow | March 4, 2024
• $SPX Well that's a major change in positioning
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Nasdaq 100 Dec Breakout Followed By S&P 500 Jan Breakout, Mid-Caps Likely To Break Out Soon, Small-Caps Unlikely To Repeat Feat
By: Hedgopia | March 4, 2024
Stocks have rallied huge since last October’s lows. Breadth, however, has been a problem. Large-caps are outperforming, and even here, just a handful are leading the way. Mid- and small-caps are lagging. Amidst this bifurcation, mid-caps have now rallied within just a jump away from their November 2021 peak. Small-caps are a ways off from their peak from that time and are unlikely to join their large- and mid-cap cousins.
The Nasdaq 100 is going gangbusters. With two months and a session in, it is already up 8.8 percent this year. From last October’s lows, it is up 30.4 percent – and 75.6 percent from the lows of October 2022!
Of the major US equity indices, the tech-heavy index is the first one to eclipse its prior high (Chart 1). In November 2021, it peaked at 16765, before tumbling 37.7 percent by October 2022. That high from two-plus years ago was taken out last December. (The 30-stock Dow Industrials also reached a new high last December.)
The Nasdaq 100 has not looked back since. A new intraday high of 18333 was hit last Friday, with a close of 18303. Since February 9th, rally attempts persistently stopped at 18000, which has now given way. The index acts like it wants higher prints.
The S&P 500 joined the Nasdaq 100 this January. Two years before that, the large cap index peaked at 4819 in January 2022, subsequently losing 27.5 percent through October that year. From that low, it has now rallied 47.1 percent.
Last Friday, the S&P 500 tagged 5140 intraday, closing at 5137. These are new highs. The January 2022 high was surpassed in January this year (Chart 2), and the momentum has continued. As was the case with the Nasdaq 100 last Friday, the S&P 500 enjoyed a mini breakout.
The rally off last October’s lows in particular is like no other. Up in 16 of the last 18 weeks – ditto with the Nasdaq 100 – the S&P 500 remains in gross overbought territory but is yet to show serious distribution.
One constant knock against the rally in large-cap indices such as the Nasdaq 100 is that it lacks wide participation. Indeed, the index remains top-heavy. Within it, the top five – Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon (AMZN) and Google owner Alphabet (GOOG) – command 32.7 percent. Within the S&P 500, the top five’s share is 25.6 percent.
As large-caps dominate the action, mid- and small-caps are falling behind. But there is hope for the bulls. This has been slow in coming, but the S&P 400 is within earshot of a new high. The mid cap index peaked in November 2021 at 2926. From that high through the low of 2186 posted in September 2022, it dropped 25.3 percent. From that low, it is now up 33.2 percent.
Last Friday, the S&P 400 rallied 0.7 percent to close at 2911, merely 15 points from the November 2021 high (Chart 3). A breakout here would finally result in both large- and mid-caps with new highs.
Equity bulls are hoping that this then spreads to the small-cap land. For that to happen, however, serious effort is needed.
The Russell 2000 is 15.6 percent from its November 2021 high. Back then, it peaked at 2459 and then dropped to 1641 by June the following year, down 33.2 percent. That low was tested in October that year (1642) and last October (1634). From the October 2023 low through December’s 2072, it then rallied 26.8 percent. Last Friday, the December high was tested, with a session high of 2078 and a close of 2076.
In the sessions ahead, there is a decent chance the Russell 2000 proceeds to at least test 2100, which is a measured-move target following a 200-point range breakout at 1900 on December 13th (Chart 4). Even in this scenario, the index is too far away from testing its all-time high from more than two years ago.
This is important considering that the overall investing environment already reeks of giddy exuberance. As things stand, even if the mid-caps succeed in rising to new highs, small-caps remain a suspect.
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S&P 500 4Q Earnings Growth Has Been Stellar. Growth was almost 8%, compared to only 1.2% that was expected before the season started
By: Cheddar Flow | March 3, 2024
• S&P 500 4Q Earnings Growth Has Been Stellar
Growth was almost 8%, compared to only 1.2% that was expected before the season started
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The 10 Top/Bottom S&P 500 Index percent net change performers
By: Thom Hartle | March 4, 2024
• Today (8:33 CST), the 10 top/bottom percent net change performers in the S&P 500 Index.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | March 4, 2024
• Today (8:33 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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AI-generated Buy and Sell Daily Signals
By: Hedgeye | March 4, 2024
• This is free access to our brand-new AI-generated buy and sell signals.
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US equity funds saw significant inflows of $7.66 billion over the past week, reflecting investors' optimism in the potential returns of the US stock market
By: Isabelnet | March 2, 2024
• Flow
US equity funds saw significant inflows of $7.66 billion over the past week, reflecting investors' optimism in the potential returns of the US stock market.
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S&P 500: The Sell Side Indicator, which tracks Wall Street strategists' equity allocation, increased by 33bp in February. The current level suggests that the S&P 500 may experience positive gains over the next 12 months
By: Isabelnet | March 2, 2024
• S&P 500
The Sell Side Indicator, which tracks Wall Street strategists' equity allocation, increased by 33bp in February. The current level suggests that the S&P 500 may experience positive gains over the next 12 months.
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The best performing stocks in the S&P 500 over the last 30 years...
By: Charlie Bilello | March 3, 2024
• The best performing stocks in the S&P 500 over the last 30 years...
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THE S&P 500 $SPY IS REBALANCING
By: Evan | March 1, 2024
• THE S&P 500 $SPY IS REBALANCING
Super Micro $SMCI and Deckers $DECK will be replacing Whirlpool $WHR and Zion Bancorporation $ZION in the S&P 500 before the markets open on March 18th
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$QQQ Every negative to positive MACD flip since October has sparked a multi-day rally for the Nasdaq...
By: TrendSpider | March 2, 2024
• $QQQ Every negative to positive MACD flip since October has sparked a multi-day rally for the Nasdaq...
Happened again yesterday.
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CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
By: Hedgopia | March 2, 2024
• Following futures positions of non-commercials are as of February 27, 2024.
E-mini S&P 500: Currently net short 224.2k, up 5.7k.
The last time the weekly RSI at 76.82 was as overbought was January 2020, when the S&P 500 then came under slight pressure but only to rally anew to subsequently peak in February, followed by a five-week, 35.4-percent drubbing. The Covid-19 virus was the catalyst back then for the sell-off. For lack of a catalyst, the current frenzy can go on. But the kind of giddy exuberance as is seen today always ends.
The large cap index is up north of 25 percent from last October’s lows. It is up in 16 of 18 weeks. Caution is warranted. Yet, the monthly RSI at 67.33 is yet to hit 70, which the bulls must be eyeing – at least.
Nasdaq (mini): Currently net long 10.2k, down 15.3k.
One more roadblock bit the dust. The Nasdaq 100 had been stopped at 18000 since February 9th. Friday, the tech-heavy index rallied 1.4 percent to score yet another breakout, albeit mini. For the week, it jumped two percent. This was the 16th up week in 18. From last October’s lows, it is up an insane 30.4 percent – and up 75.6 percent from October 2022. Unreal!
On Friday last week, Nvidia (NVDA) backed off after tagging $824, dropping to $771 this Thursday. By Friday, bulls were testing last week’s high, with the stock closing at $823. This is setting up as yet another opportunity for the stock to push higher. Rightly or wrongly, this has become a go-to stock for now and will help the overall market should it break out.
Russell 2000 mini-index: Currently net short 18.2k, down 6k.
The Russell 2000 had a strong week – up three percent to 2076 – but it is yet to convincingly take out the December 27th high of 2072. Back then, the small cap index stopped at that price after a two-month rally that began at 1634 on October 27th.
Small-cap bulls have an opportunity to at least go attack 2100, which is a measured-move target following a 200-point – between 1900 and 1700 – range breakout on December 13th.
US Dollar Index: Currently net long 2.1k, up 537.
The US dollar index suffered a back-to-back down week, but only nominally this week, down 0.1 percent to 103.80. This follows a weekly spinning top two weeks ago and a shooting star before that. Last week’s could be a hanging man, and this week’s is a doji.
The point is, the chart points to a lot of indecision. Understandably so, as the index has hovered around 103-104, which goes back to December 2016, for several weeks now. Post-Fed pivot on December 13th, it sliced through that horizontal support. It has made a return trip to that level, but reclaiming it is proving difficult for dollar bulls. Odds favor the bears for now.
VIX: Currently net short 40.7k, up 1.6k.
VIX this week gave back 0.29 points to 13.11 – ever so close to a rising trend line from December 12th when VIX bottomed at 11.81; this gets breached at 13. Right here and now, odds favor the bears – volatility bears, that is.
The current lack of momentum for the bulls is highlighted by the fact that the weekly RSI is turning lower at the median.
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Just an absolutely brutal time in history to be a tech bear
By: TrendSpider | March 2, 2024
• Just an absolutely brutal time in history to be a tech bear.
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$SPX Don’t change a winning team and since no warning levels are broken to the downside we must look higher
By: Intelligent Investing | March 1, 2024
• $SPX
Don’t change a winning team and since no warning levels are broken to the downside we must look higher.
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The Best and Worst Performing S&P 500 Stocks of February 2024
By: Bespoke Investment Group | March 1, 2024
The average S&P 500 stock rose 3.87% in February even though the index itself was up more than 5%. You can check out the performance of various ETFs across asset classes in February in this post, but below we take a look at the best and worst-performing individual S&P 500 names during the month.
While NVIDIA (NVDA) got a lot of attention (as always) after its most recent blowout earnings report, two stocks outdid the "King of AI" in February: Constellation Energy (CEG) and Ralph Lauren (RL).
Additional big winners in February included 20%+ gainers like Quanta Services (PWR), GE HealthCare (GEHC), Axon Enterprise (AXON) -- the maker of Tasers and video software for police departments, Tapestry (TPR), and Uber (UBER). Other notables include Diamondback Energy (FANG), NXP Semi (NXPI), General Electric (GE), Vulcan Materials (VMC), and Eli Lilly (LLY). And finally, even Disney (DIS) managed to make the list of the 30 biggest winners in February with a gain of 16.17%.
Not everything went up during the month, however. In fact, of the S&P's 500 stocks, 350 were up and 150 were down in February. That's pretty weak breadth for a 5%+ up month.
Below is a list of the 30 S&P 500 stocks that fell the most in February. Notably, three of the five biggest losers were from the Communication Services sector: Paramount (PARA), Charter (CHTR), and Warner Bros. (WBD). Other big blue chips that fell in February include Amgen (AMGN), Adobe (ADBE), Palo Alto Networks (PANW), Comcast (CMCSA), and Deere (DE).
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Ex-2020 S&P 500 Flatter Election Year March
By: Almanac Trader | March 1, 2024
But after 4 months of solid gains the market is poised for a modest pullback of maybe 3-6%.
S&P 500 Support: 4800 old ATH.[/img]
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$SPY Millions worth of deep ITM calls being added
By: Cheddar Flow | March 1, 2024
• $SPY Millions worth of deep ITM calls being added
These are being opened because there is 0 open interest on the contracts
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AI-generated Buy and Sell Daily Signals
By: Hedgeye | March 1, 2024
• This is free access to our brand-new AI-generated buy and sell signals.
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S&P 500 Best on First trading Day of March Last 24 Years
By: Almanac Trader | February 29, 2024
First trading days of months have a bullish reputation and March is not an exception. Reviewing the last 24 years of data reveals S&P 500 has the best record, advancing 66.7% of the time with an average gain of 0.35%. NASDAQ is second best based upon frequency of gains, up 62.5% of the time examined with an impressive 0.63% average gain. DJIA has been modestly softer, also up 62.5% of the time with an average advance of 0.27%.
March’s first trading day strength has not been limited to just the last 24 years. Since 1950, DJIA has advanced 50 times in 74 years (67.6%) with an average gain of 0.23%. S&P 500 has been nearly as consistent, up 63.5% with an average gain of 0.24%. NASDAQ has also been a solid performer since 1971, up 33 times in 53 years (62.3%) with a respectable 0.35% average.
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Money managers Increased their exposure to the US Equity markets since last week...
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NAAIM Exposure Index
February 29, 2024
The NAAIM Number
88.99
Last Quarter Average
67.81
»»» Read More…
$SPX Mixed flow after PCE this morning. No directional bias so far
By: Cheddar Flow | February 29, 2024
• $SPX Mixed flow after PCE this morning
No directional bias so far
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$QQQ $13+ Million Unusual Call Prints
By: Cheddar Flow | February 29, 2024
• $QQQ $13M+ Unusual Call Prints
These only have 2 weeks until expiration and are above the ask to show urgency
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The 10 Top/Bottom S&P 500 Index percent net change performers
By: Thom Hartle | February 29, 2024
• Today (8:36 CST), the 10 top/bottom percent net change performers in the S&P 500 Index.
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The 10 Top/Bottom NASDAQ 100 Index percent net change performers
By: Thom Hartle | February 29, 2024
• Today (8:36 CST), the 10 top/bottom percent net change performers in the NASDAQ 100 Index.
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S&P 500: In the fourth year of a new President's term, the US stock market tends to regain momentum in Q2 and perform well through to the end of the year
By: Isabelnet | February 29, 2024
• S&P 500
In the fourth year of a new President's term, the US stock market tends to regain momentum in Q2 and perform well through to the end of the year.
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AI-generated Buy and Sell Daily Signals
By: Hedgeye | February 29, 2024
• This is free access to our brand-new AI-generated buy and sell signals.
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The AAII Investor Sentiment
By: AAII | February 29, 2024
Bullish 46.5%
Neutral 32.2%
Bearish 21.3%
• Historical 1-Year High
Bullish: 52.9%
Neutral: 39.5%
Bearish: 50.3%
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It's hard to be bearish when this many $SPX members are making new 52-week highs every day! 20% on Friday, 14% on Monday...
By: David Keller | February 28, 2024
• It's hard to be bearish when this many $SPX members are making new 52-week highs every day! 20% on Friday, 14% on Monday...
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As long as the $SPX stays above the dotted colored warning levels, the Bulls remain in charge, and we can allow for another push higher
By: Intelligent Investing | February 28, 2024
• Our premium members know that as long as the $SPX stays above the dotted colored warning levels, the Bulls remain in charge, and we can allow for another push higher.
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NDR's S&P 500 Intermediate Breadth Thrust just triggered!
By: Dinesh | February 28, 2024
• NDR's Intermediate Breadth Thrust just triggered!
12-month forward returns 20-0 with a median gain of 16.55%
Always has occurred in a bull market as well
This is the first for this bull market
Prior signal was May 2020
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$NDX - Update. Holding that Re-Entry of the Bear 'Wedge'. Yet failing to get beyond my Arrowed Target for a tap of the Uppr-Parallel...
By: Sahara | February 28, 2024
• $NDX - Update.
Holding that Re-Entry of the Bear 'Wedge'. Yet failing to get beyond my Arrowed Target for a tap of the Uppr-Parallel...
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$SPX - Update. Holding outside the Uppr-Band after tapping the Arrowed Target. Still the pot'l for an Overhrow towards 5150-5250 Target Level (I showed prior)...
By: Sahara | February 28, 2024
• $SPX - Update.
Holding outside the Uppr-Band after tapping the Arrowed Target. Still the pot'l for an Overhrow towards 5150-5250 Target Level (I showed prior)...
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DJIA and S&P 500 Down 15 of Last 19 on February’s Last Day
By: Almanac Trader | February 28, 2024
Before the market can close the books on February, it still must contend with its historically weak last trading day. Since 1996, the S&P 500 has declined 20 times in 28 years on the last day of February. DJIA and NASDAQ have been just as bearish. Average losses on the last day range from –0.48% by DJIA to –0.39% from NASDAQ. The best gain on the day for the major averages was in 2000 while the worst decline was in 2008.
In the leap years since 1950, DJIA and S&P 500 still lean bearish. DJIA has been down nine times in thirteen occurrences and S&P 500 has declined eight times. Average performance is –0.07% for DJIA and –0.06% for S&P 500. NASDAQ is slightly better in leap years, up five of nine, but down four of the last five. NASDAQ’s average performance is a meager +0.01%.
More recently weakness appears to have only been intensifying as DJIA and S&P 500 have been down nine straight and 11 of the last 12. NASDAQ has tried to buck this bearish trend with three gains in the last four years. Should February’s last day see declines again this year, it could be a solid setup for the historically bullish first trading day of March.
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$TQQQ $2+ Million Aggressive OTM Call Sweepers
By: Cheddar Flow | February 28, 2024
• $TQQQ $2M+ Aggressive OTM Call Sweepers
These are opening orders (Vol > OI) and are highly unusual prints, due to their near-term expiration and strike
This ticker is the 3x Bull ETF for $QQQ
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AI-generated Buy and Sell Daily Signals
By: Hedgeye | February 28, 2024
• This is free access to our brand-new AI-generated buy and sell signals.
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$QQQ $3+ Million OTM Puts
By: Cheddar Flow | February 27, 2024
• $ARKK & $QQQ $3M+ OTM Puts
These are at/above the ask and opening orders
They also both include a near-term expiration
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$SPX Mixed Calls/Puts
By: Cheddar Flow | February 27, 2024
• $SPX
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The 10 Top/Bottom S&P 500 Index percent net change performers
By: Thom Hartle | February 27, 2024
• Today (8:36 CST), the 10 top/bottom percent net change performers in the S&P 500 Index.
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:::::::::::: Welcome to S&P 500 & Nasdaq Analysis and Trends :::::::::::::
• The purpose of this board is to help others with Short & Long term S&P 500 & Nasdaq analysis and direction.
• This is strickly an educational board helping traders to learn market direction, swing and bottom trading.
• I ask that everyone respect opinions on the board whether you agree with them or not. We are all here to make money and avoid the
minimum loss we can.
Rules of the Board
Most of this board's WATCHERS are "lurkers" who appreciate info available without the need to sift through tons of "empty" posts.
1. Respect everyone opinions on trades.
2. No Pumping of Stocks.
3. No OTCBB or PINK STOCKS
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To do so, just click on "Add to Favorites" Button at Right just above the Posts Dates.
*Information Posted on this Board is not Meant to Suggest any Specific Action, But to Point Out the Technical Signs That Can Help Our Readers Make Their Own Specific Decisions. Your Due Deligence is a Must.
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