tag:blogger.com,1999:blog-27079452409092817982011-04-21T18:21:40.241-07:00TPitthttp://www.blogger.com/profile/10362351000201791624noreply@blogger.comBlogger61100tag:blogger.com,1999:blog-2707945240909281798.post-12841373312006657452011-03-26T08:44:00.000-07:002011-03-27T14:15:42.665-07:00

Indexes fail to produce strong Follow-Through DayThere is one thing that I believe everyone looking at this market can agree on.  The lack of conviction.  This past weeks rally did not seem convincing to say the least.  Volume across the board has been lackluster, shouting to us that this market is still in question.  This brings me to What we are looking for is a Follow-Through Day in the

TPitthttp://www.blogger.com/profile/10362351000201791624noreply@blogger.com0tag:blogger.com,1999:blog-2707945240909281798.post-21847973116319103832011-03-23T19:26:00.000-07:002011-03-23T20:08:13.361-07:00

Stocks turned around midday to end up higherThe averages ended up creeping back from intraday lows to end up for the day. Volume did creep up a little, but is still not convincing of a continued rally as it was still below average. However, this can change and we could see this turn into a continued rally if we see a FTD and stocks breaking out. There were some stocks hitting new highs which is

TPitthttp://www.blogger.com/profile/10362351000201791624noreply@blogger.com0tag:blogger.com,1999:blog-2707945240909281798.post-10204723332972894582011-03-21T20:10:00.000-07:002011-03-23T20:10:38.145-07:00

The stock being put into focus is one that was a great pick for my portfolio: Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA). ULTA has made an excellent run from the Sept. 1st FTD in the market, 95% run to be exact! This move was made after making a picture perfect double-bottom and exploding on nearly 3x the average volume.At the time ULTA was showing quarterly EPS growth of 66%, 55%, 61%,

TPitthttp://www.blogger.com/profile/10362351000201791624noreply@blogger.com0tag:blogger.com,1999:blog-2707945240909281798.post-45955033443747644072011-03-21T17:50:00.000-07:002011-03-21T19:46:20.850-07:00

Action like today's can be expected. The averages were all up significantly with broad gains across industries. But don't be fooled by large up days such as this. When the market is in correction mode volatility is expected and large up days are common. The volume on all indexes today was very low. This type of volume is not satisfactory. A legitimate follow through day (FTD) is needed

TPitthttp://www.blogger.com/profile/10362351000201791624noreply@blogger.com0tag:blogger.com,1999:blog-2707945240909281798.post-60870628916519538092011-03-16T20:48:00.000-07:002011-03-23T20:04:10.686-07:00

You should have been out of this market Long Ago...There were clear signs shouting to you late January and throughout February. They were begging for you to take profits on your positions. Were you listening? I sold all of my positions on February 23rd and I'll tell you why.Take a look at the daily chart of the Nasdaq composite below and you can see the market was giving you friendly warnings on

TPitthttp://www.blogger.com/profile/10362351000201791624noreply@blogger.com0tag:blogger.com,1999:blog-2707945240909281798.post-63205710043519554612011-02-03T17:49:00.000-08:002011-03-23T20:03:34.263-07:00

Scribd - Leader Post

TPitthttp://www.blogger.com/profile/10362351000201791624noreply@blogger.com0