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Further Room For Upside But These Are Still Not Perfect Conditions

Another good week for the Nasdaq, this time dragging the other main indices along meaning a broader based rally. So, why the “but”? Because there’s also a lot of ragged behavior out there. Because the Nasdaq and leading stocks are over-extended. Because earnings was far from consistent. So, enjoy this run by all means, but do it by managing your trades conservatively. That means protect profits as soon as possible. Market Outlook: A broader rally than previous weeks. I mentioned last week that the higher quality setups were bullish. That has seen follow-through this past week. As I look today, the quality of setups isn’t quite as good. Watch the video for more detail. The Main Indices: The S&P did make its upside breakout as suggested last week.  The QQQ is in overbought territory. 

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Market reviews and blogs

Your best source of investment news from WiseTraders and Guy Cohen.

Earnings Season To Continue the Volatility

Our new automated stock selector has achieved a win rate of 69%, which is extraordinary when you consider it doesn’t actively manage the trades. You can further improve the stats by some simple trade management which is something I teach

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Volatility Yes, Direction Not Quite!

Last weekend I predicted volatility … but I didn’t expect the direction to be quite what happened! No harm done … short weeks following a holiday Monday can be a little treacherous, which is something I did more than allude

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Follow Through As We Anticipated

A grizzly Friday afternoon session provided another big red pie for “Downward Momentum” stocks, which is especially sensitive coming before the Labor Day holiday weekend.   This means an extra day for news (good or bad) to seep into the market,

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Markets Playing Out Uncannily As Suggested

The expected third leg down, which I’ve mentioned would happen many times over the past few weeks, is happening before our very eyes, and it’s not hanging about! Remember what I said just last week! In line with my reading

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Short Term Choppiness Will Be Ideal

In line with my reading of the markets over the past few months, I’m hoping this current stalling action will be followed by short-term choppiness and then a decline that will complete a Shrinking Retracements third leg down in the

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