Post feedCase Of The Mondays
Looks like the "Santa Claus" rally wasn't followed up by promising results in the retail sector. It has been a long time since I saw the Dow retrace triple digits and as of now we are down an even 100 points. Anyone smell a bear? The only reason I say this...my ascending trendline has been violated for the first time in a long time. Even though we have not closed below it, I am still thinking forward a little bit. However, it looks like prior highs might be acting as new lows. What a dilemma.
I am still in the process of completing my weekly watchlist review. I am dragging tail this morning. It was so nice to be away for the last four days and finding it hard to get back in my rhythm. As soon as I get my list together, we'll talk trades.
For starters....if you are going bearish....GVA is setting up a great H&S pattern - we'll see what the close of the day brings.
Posted by
Travis Roy |
11/27/2006 09:56:00 AM