Finding Support

Monday, October 24, 2016 What To Do? Short Term: Short-term bulls should continue to maintain their positions. There are also new short-term opportunities to the upside. There are no short-term positions to the downside. Intermediate & Long Term: Older long-term positions to the upside should be maintained. There are no intermediate or long term opportunities…
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A Change In Scenarios

Friday, October 21, 2016 What To Do? Short Term: Because of the gap opening, no strong supply came into the market. Therefore, short-term positions to the upside should continue to be maintained. However, if strong supply comes in on Monday, short-term positions should be closed. There are no short-term positions to the downside. Intermediate &…

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No Follow Through To The Upside

Thursday, September 29, 2016 What To Do? Short Term: Short term bulls, who entered the market, should maintain their positions. Today’s reaction provides another opportunity to take new positions to the upside. However, if strong supply comes into the market early in the trading day, all long position should be closed. There are no short-term…

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