Successful Test?

The Qs have found support at the prior resistance level (which had added significance due to it being the location of the 50 DMA) and the market is back above the 5DMA. This action is encouraging for the bulls and now holding above the 5DMA will be important for continued optimism.

Live Trading Ideas Review

tomorrow (Wednesday August 27) at NOON EASTERN here is the LINK to attend. The event will not require a password and it will not be recorded. There will be a brief Q&A at the end of the session and we will will not go longer than 30 minutes. Hope you can make it!

Prior Resistance

becomes POTENTIAL support and the Qs are now approaching the 46.10 level which has been important over the last seven weeks. It is hard to imagine a catastrophic failure at this level, but the market loves to do the unexpected. The trend is lower, control risk.

Fractal Properties In This Stock

A fractal is generally “a rough or fragmented geometric shape that can be subdivided in parts, each of which is (at least approximately) a reduced-size copy of the whole,”[1] a property called self-similarity. The term was coined by Benoît Mandelbrot in 1975 and was derived from the Latin fractus meaning “broken” or “fractured”…..From Wikipedia Notice … Read More

Reading

Reading is to the mind what exercise is to the body. As by one, health is preserved, strengthened and invigorated; by the other, virtue (which is health of the mind) is kept alive, cherished and confirmed.~Addison