Tuesday, December 29, 2009

Market Talk

We love this commodity pull-back -- a few more days like this and we'll have a plethora of decent support trade candidates.

This is the type of trade we're looking for going forward -- CNX 47 support reversal. Note how many balls line up for this trade - trend line/50 SMA/ 20 SMA. Also hopefully we will have multiple stocks in the same sector in the newsletter -- another great factor which often lines up as the sector hits support at the same time (increasing chance of support bounce).

As we've written ad nauseum in our newsletters in the last 4 years -- the more ducks line up in a set-up, the higher the chance of it working.