Hi all, We at least got a small consolation prize for April’s awful times of drudgery.  TWLO moved up to our first target of $135.59 after closing above the $130.31 level.  It has traded as high as $136.64 thus far today.  Also, BOX is trying to get above the 50 SMA and may make it…

Since the festivities began on Friday, today makes for a potential 5th day of rallying.  Thus far today’s trading action has been very muted and that concerns us since the SPYs have again stalled in the $281.00 vicinity. With genuine breakouts there is normally a strong follow through, something we’ve yet to see.  As a…

Very brief mention here.  If you’re in search of other names for the bear side after yesterday’s breach of trendline support by the SPY’s, consider NKE and A.  Both charts have a very vertical appearance that could spur on a pullback of magnitude for those in search of a reversal-style trade.

Last week was not a very memorable or interesting one.  The SPYs closed 1 point, not 1 %, but 1 point higher than where they had closed on Tuesday as we completed the newsletter for last week.  It was the most listless week of the in over 2 months. What can we say?  Last week…

Again, the headlines are poor to dismal and yet stock prices are STILL hanging in there: For The First Time Since 2000, Most Assets Are Overbought “We are now seeing a typical bear market rally, and the next downward leg is likely to be just as abrupt as the first one.” Business Spending Suffers Longest…

February 12th 2019 MT-Newsletter Final

Here’s a link to our Morning Call webinar recording: https://register.gotowebinar.com/recording/1018530794031073542 As we noted the past few days, the market was trapped and listless but at the same time the rising wedge we’ve been charting was narrowing.  This morning brought a weak opening that’s been overdue.  Like a fine Swiss watch, the SPYs found support exactly…

Good morning, Wanted to get a quick update out.  The SPYs have moved up or tried to move up nearly every day since last Tuesday.  That pretty much negated any realistic chance for our bearish mentions to operate and it was our figurative “gunpoint” conclusion as well. That leaves us with our bullish names.  AA…