September 11th Market Direction

Tesla provided a very strong bullish signal today, the bobble breakout. This makes Tesla a strong, bullish candidate for more upside. However, it also may have skewed the NASDAQ, demonstrating good strength well many of the underlying stocks in that index may not have been a strong. Currently, the markets are in a sideways wedge. This indecisive sideways trading likely reflects the indecision going into the CPI and PPI numbers. Also the retail sector report will be out at the end of this week. As illustrated in numerous retail stocks, they are in a downtrend. These market conditions allow for identifying good strong bullish trades and good bearish solid trades. Mark your calendars! September 23 will be a full day of training on utilizing strong entry points that allow for the improved probabilities of a price move confirming. This works both for bullish and bearish trade setups. Click here for more information

Members Chat session tonight at 7pm central. Free to Members. Not a member? Click here to join

Good Investing,

Stephen Bigalow