It's been a while since I've been able to post to the blog here, but I wanted to go ahead and take a look at some of the charts for each of the six trades that we've been monitoring. The stock market has been in an unbelievable bull trend over the past 3 to 4 months, so it's important now that we take a look at where each stock is positioned. Now is the time to come up with a game plan for protecting ourselves against future losses. If things are looking good for a stock, now could also be a good time to buy as more money from the sidelines could pile in the market over the next few weeks.
IWM is on a roll right now. Until the trend changes, there's no reason to think this thing won't keep going up.
GLD holding steady at good support.
Google is an absolute terror right now. There's no reason to think you it won't hit 800.
JP Morgan Chase had good support around 48 as you can see it bounced off of 48 and continuing higher up towards 50.
As you can see from the chart below Priceline tried to break out, but until it breaks the trend, there is no reason to buy - especially on low volume.
Exxon Mobil is having a little bit of trouble breaking passed a resistance point.
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