I said yesterday that a follow-through up day was likely even if it wasn’t the greatest ever signal, and that’s exactly what did happen. We’re a touch off at the open today.
CMG took a nasty hit with its earnings at the close though it’s still well above my original entry point, but it does illustrate how earnings can sometimes interrupt an otherwise beautiful thing. NFX continued its breakout with a nice move up.
My AXP railroad track still looks good, while MNST is retracing gently ahead of its own earnings on 25th February.
AAPL is now officially consolidating. AAL did not reverse but did form an inside doji bar, which means Monday’s high is the potential reversal breakout point – we’re right around that point at this moment in time.
