That being said, we were a bit surprised to see that we not only held this level in the early part of the afternoon but after the uneventful FOMC minutes release, we actually broke above it.
Additionally, as you can see in the IWM chart below, this key small stock index is lagging the overall market and a big time concern to the bulls.
So, we'll be watching eagerly to see how the IWM does above the key 110.20 level in addition to how the Dow handles life above this key 16,530 level this time around.
If all goes accordingly, we'll get a chance to add some key oversold symbols should all the necessary conditions line up.
That being said, we mentioned one in a recent Tweet(OPK) that has a lot of potential catalysts bubbling beneath it's innocuous market activity.
However, in deference to our Premium Members, that's about all I can say regarding that choice but I assure you, there's a lot of collateral and alerts recently posted to their room.
This might be an ideal time to keep an eye on our site and seriously consider one of oiour memberships should the market indeed resume it's uptrend, we've got a whole bunch of great candidates just for our Premium Members.
Just remember that in this present environment, the early bird truly gets the worm.
In other words, months of lackluster profits and even losses can be immediately erased by proper guidance and education so that when real opportunity presents itself, as subtle as the signals might be, you’re able to act accordingly.
I ask you, When was the last time you entered a trade with the appropriate opening position size, “throttled it” when you had it nailed and scaled out via a strategic, methodical way?
If the answer is “it’s been way too long to remember” then you owe it to yourself to at least try our Free Trial..
Or you can continue hopping from one chat room/message board to another taking “JMHO” (just my honest opinion) from a total stranger, as good enough reason to gamble with your hard earned money.
Premium Membership: Real Time Alerts(Both Entry & Exit)..an Educational Component consisting of annotated charts(like on the rest of this page) including ones specifically related to our moves, Webinars dedicated to our methodology using Alerts issued during the prior week and access to our traders during the trading day.
Follow Trade Membership: For those who might not have the time availability to keep abreast of our latest moves. With this membership, you decide if you want to follow us in a trade and preset the parameters for doing so. Then when we issue an alert through Ditto Trade, you can simply click a button included in the email/text alert and wham, you're participating with us.
And don't forget to get your "10 Commandments of Trading" offered as a courtesy for signing up for our Mailing List.
Feel free to reach out to me either by replying to this email or via the phone # listed below if you have any questions at all.
We might very well be entering a new period of incredible opportunity................
The Stealthy Trader