Stocks are currently called up 90 points at Monday’s opening. We are looking for the general market to correct, so we will take an opportunity to enter a short position in MCHP (Microchip Tech) at Monday’s opening.
Sell short at the opening, with a protective buy stop at $98.90
WYNN is another possible short sell that we will be watching early in the week. No entry at this time…
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
The Wyckoff Wave closed the week down again, on an increase in volume. We was hoping that prices would try to hold early in the…
The Wyckoff Wave closed slightly lower to continue the recent downtrend, on average volume. We were hoping for a test of the lows last week,…
The Wyckoff Wave closed the week sharply higher, on much lower volume. The Technometer is extreme overbought. We closed strongly higher Wednesday/Thursday/Friday to end the…
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
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