Is this another pullback?
Is this the beginning of the end?
Who knows..we admit that we don't.
What we do know is to prepare a variety of scenarios should any eventuality occur.
And that, coupled with our involvement in stronger names(should we need to reverse course) is what you get with our service.
And we expect the Volatility Indices to "wake up a bit" should the action today continue..ahem..
Below please find both the Daily Chart with Support Levels and at the bottom, key Fib Retracement Levels..
Note that the 38% Fib Retracement Level jives with the 50 Day MA...could make for a magnet like draw...
And it goes with out saying that we don't encourage just running out and buying something that you read about in one of our blog posts.
Trading stocks, especially some of the ones that we trade, require a lot of experience and the help of sophisticated algo's and filters.
It's best that you find someone who knows how to pull $$ out of the market where nobody else is looking..I wonder who he's talking about? ;-)
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