A Strategy for OSI Systems and Apache
When reviewing charts for the next good trade, overall market direction should be your guide. In the current market environment, the overall bias will be toward long positions until the major averages bump into resistance. At that point, we shift to neutral and wait for the market to make the next move.
That occurred last week when the S&P 500 cruised into the 1350 area, which it is still slowly trying to work its way past. We don't know if we'll get a convincing break to the upside, or if what currently appears to be a breakout could turn into a fake out. There simply hasn't been enough activity or strength above 1350 to build a level of confidence that we're about to take another leg higher....442 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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