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Market Traction Update January 23rd – Update 1
Below is a chart of HLT. We were asked about this and decided to share it. This too has downside vulnerability if the market breaks as we see it. A $3.00 drop would seem to be a first step and if it does that then there’s little between there to stop it from falling $3.00…
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Market Traction Update January 17th – Update 1
The market has had a nice little bounce. We have leaned bullish in the pat two weeks and our picks have done well. Earnings will be driving factor over the next few days. Watch for how NFLX comes out with earnings…could affect the market overall! Ideas and Mentions: MSFT is above the 50 and has…
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Market Traction Update 12-14
The graphic pretty much says it all. This is a risky time and we’d expect the decision as to the next significant leg of movement in the market to be made soon. As always, when in doubt, remain prudent, hedge, roll, close etc. It’s been a listless week so far with failed rallies and now…
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Market Traction Update 12-12
Newsletter Update 12-12
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Market Traction Morning Call Webinar Recording Dec 12
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Market Traction Update Oct 19th
It was tough to call it a trigger since it was only a mention and we covered it in the webinar but BKE nearly fell to our first target level of $17.84 today before bouncing. If it smashes below there the next target level is just above $15.00, near $15.10. As we noted, this isn’t…
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Market Traction Update 10-11
With news lows being made today as we write, one of our gaps was filled by the latest plunge in the SPY. The chart below shows a key support level below highlighted by the yellow oval. That’s where a Fib level and flat line support along with angular support suggest that buyers should attempt to…
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Market Traction Update September 28th – Update 1
Two of our mentions are moving today: X – US Steel: having a > 2% move today. Target would be late August Swing highs near the 50 day SMA of $31.30 level. TSM- Taiwan Semi: trading below the last 3 closes and broke down below the 20 SMA. Targets to get through would be $43.83…
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Market Traction Update June 15th – Update 1
We have had a pretty crazy week filled with news but very little market movement. The SPX on Tuesday’s close was $2,786.85 and today it is $2,781.04. We have had some movement in individual stocks, but these are hard to predict with the added volatility coming from our national and international venues. From G7, fight…
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7x Portfolio Video