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Mixed Signs of Overbought So Stick With Good Value
Greetings from the mainland of Greece! The SPY, QQQ and DIA are technically overbought while the IWM is lagging as it often does in bullish markets. This gives us interesting opportunities. That doesn’t mean the big indices can’t keep running for a while, but the chances of a pullback will increase by the day. You need to watch the signs – for example a monorail reversal bar from an overbought position is often an indication of exhaustion. If you’re sticking to our guidance to focus on Big Money Footprint stocks that are still close to their 50-day or 200-day Key Levels, then you won’t be getting suckered into overbought issues in any case. In the past week several of our setups made good progress and a number are still valid for consideration this week.

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

The Bulls Are In Control But There’s Still Value Out There
Within hours of my write-up last week, the world changed! Energy and defence stocks were old hat, tech and finance

A Pullback Would Be Optimal
With such high stakes geopolitical uncertainty in the air, a controlled pullback would be a gift. Overall, you can see

Focusing On The Most Obvious Sectors
Friday’s escalation of events in the Middle East have got the markets guessing what next. Until then, they’d broadly still

Urgent Market Update – 5th February 2010
Hi Everyone,
Friday’s afternoon session saw a massive rally on the indices and across the board. By some luck as well as judgement (I was a bit wary about the impact of the Employment Report so …

Options Symbol Changes
Hi Everyone
You may have noticed that all the options symbols for US stocks have changed. I’ll post more about that in due course. The net result willbe beneficial in the long term as the …

Market Update 28 January 2010 – Retracement on the Cards
Hi Everyone
Yesterday’s late rally suggests a wider retracement for the next few days. Current bear flags may turn into rounded bottoms, and weaker stocks will consolidate further until the next…

Market Update 25 January 2010
Hi Everyone
All the major averages have broken their rising trendlines on big volume so it’s bear flags all the way from now.
I think we’re headed for a MAJOR correction that will give us several oppo…

Market Update 22 January 2010
Hi Everyone
Wow, high drama in the markets yesterday and the conspiracy theorists are all coming out of the woodwork!
Let’s skip all the hyperbole and focus on prices. As mentioned yesterday, t…

Whipsawing Markets
Hi Everyone
Earnings season is in full flow and the markets are mildly whipsawing. This is typically a sign of bearishness, but we’ll have more information today as GOOG and GS make their…

23 November 09 Webinar
Hi Everyone
Please click here to view my one-off webinar which was held on 23 November.
There’s very important information about how to trade the markets in the coming months. Agai…

23 November 09 Webinar
Hi Everyone
Please click here to view my one-off webinar which was held on 23 November.
There’s very important information about how to trade the markets in the coming months.
Again…

Market Update 26 October 2009
Hi Everyone
Over the last few days I’ve had some personal correspondence with some of you and I just did a webinar last night where we discussed the OVI in some more detail.
Just to updat…

Market Update 16 October 2009
Hi Everyone
I hope you enjoyed my Rubik Cube video. If you missed it, just click here to get it.
Amazingly this market has kept creeping upwards, though there is a key resistance point around 11…