The breakout
Posted: 10 Sep 2012 12:33 PM PDT
As if lifted from the pages of a textbook - the textbook - the Nasdaq and S&P 500 averages cleared the top of a four-month, cup-with-handle pattern last Thursday. Nasdaq volume, at 19% above average, is considered strong for an average.
This pattern, shown in the below report, is one of the most bullish formations a market can show. Nothing is 100% prescient, but the pattern and breakout normally lead to further upward revaluation. When combined with the good tone seen in the speculative growth-stock glamours for some weeks, the picture is bright for the medium-term, short-term pullbacks notwithstanding.
A stock mentioned favorably in our last report, LinkedIn (LNKD), moved out of a four-month basing pattern last week . . . . To continue reading, please click here.
Fund Prices2024-03-28
Fund | Price | Day | YTD |
G | $18.15 | 0.05% | 1.05% |
F | $19.08 | -0.06% | -0.74% |
C | $82.21 | 0.11% | 10.55% |
S | $82.43 | 0.30% | 6.92% |
I | $42.57 | -0.24% | 5.95% |
L2065 | $16.38 | 0.02% | 8.37% |
L2060 | $16.39 | 0.02% | 8.38% |
L2055 | $16.39 | 0.02% | 8.38% |
L2050 | $32.73 | 0.01% | 6.95% |
L2045 | $14.91 | 0.02% | 6.58% |
L2040 | $54.38 | 0.02% | 6.22% |
L2035 | $14.34 | 0.02% | 5.79% |
L2030 | $47.67 | 0.02% | 5.38% |
L2025 | $13.15 | 0.03% | 3.43% |
Linc | $25.61 | 0.03% | 2.82% |