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The air is certainly thin – If, Then… Market Timing

The air is certainly thin

By Rod David | May 19, 2015 - 3:53 pm

The air is certainly thin up here. Yesterday”s new highs tried extending overnight, but this morning”s open trended back down. This afternoon”s highs probed above yesterday”s range, momentarily, before being reversed back under this morning”s low. And this area isn”t arbitrary, but rather a meaningful resistance point or potential target for the rally.

We”ll look at this more closely in tomorrow”s Livestsox, along with Crude and Gold. We”ll also start the process of crowd-sourcing our portfolio picks — your chart analysis requests will be reviewed as usual, but then the group will decide which ones we place orders for.

Posted in Bigger Picture