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This 14 page Document was uploaded by an elite notetaker on Monday December 21, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 9 views.
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Date Created: 12/21/15
Stock Market Has Been Moving Straight Up What Is Driving This Market Few Large Cap Stocks Artificially Inflating Market Or Broad Market Rally Across Different Sectors And Stocks I Ran Some Numbers Today Took All Stocks Priced Over $5.00 Volume Over 250,000 How Many Making 1 Year High Price? How Many Making 1 Year Low Price? The Results Are Interesting 417 Stocks Are Making 1 Year High Prices 50 Stocks Are Making 1 Year Low Prices Ratio Is Over 8 To 1 Demonstrates Broad Market Rally How Are Sectors Performing Tested Different Sectors To See Which Are Increasing This Week And Which Ones Are Decreasing In Value This Week. Results: Only One Sector “Beverage” Sector Is Decreasing In Value That Proves The Rally Is Broad Based What Does This Tell Me When Rally Is Very Broad And Is Based Across Different Sectors And Different Valued Stocks The Drop Is Typically Slow And Gentle And Not Fast And Volatile A Correction Is Coming But It May Be Gentle Technical Overbought Levels My View Market will continue to rally Monday and maybe into Tuesday of next week. I would stick to short term positions and avoid initiating long term positions that are going to be held long for more than 5 days at this time. The market may come down less than expected but it will correct in the next few days. I will point out some Tail Gap Strategies early next week Luxury Apparel And Shoes Sector Car And Truck Accessories Single Exponential Moving Average Dual Exponential Moving Average MACD Momentum Indicator Have A Great Weekend Monday Will Analyze Currency Market If Something Urgent Comes Up Will Email You Over The Weekend Have A Great Weekend Monday Will Analyze Currency Market If Something Urgent Comes Up Will Email You Over The Weekend http://www.marketgeeks.com
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