Another up day for the market, and these charts are starting to work again...
It's starting to feel like the "good ole days" again.
Today was another positive day for the market, with the Dow up almost 300 points and the Nas up over 62. Lots of sectors were up across the board today, but I'm seeing strong action in the Auto Parts, Shippers, Solars, Steels and even the REITs today.
The temperament of the market sure seems to have changed for the better. Is all the panic selling finally over? It's a little too soon to tell, but it sure feels that way.
Also, the old "standby" of bullish charts - the Cup and Handle Breakout - is starting to crop up again, and... as opposed to months of backing, filling and false start breakouts... these are actually beginning to work again! That alone is very bullish, in my opinion.
I’m naming a stock (for my paying Members only) that made its owners a TON of money in its massive 2007 run. It gave all of that huge gain back, and has been flat lined for a while. But the stock was up almost 51% today, it's a Value Investor's Dream, and could be kicking off another home run jaunt.


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