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Should You Be Buying The Dip?

After the Dow closed higher for seven days in a row a pullback not surprising. The declining volume also suggested the rally was losing upside momentum. The market's corrections hit the Dow Transports the hardest as it was down 2.22% while the Russell 2000 fell 1.42%. The S&P 500 was down just 0.68% as it…
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What I Tell Traders Who Are Always Losing Money

I remember it like it was yesterday. Why? Because it was yesterday. The frustrated trader was about at his wit's end. He had been trading for less than a year and was the typical story - make some, lose some, make a lot, lose a lot, then lose a lot again. He emailed me to…
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The Week Ahead: Should You Expect A Replay of October 2011?

There were signs after the close on Friday October 2nd that the market's upside reversal was important. The strong action last week confirmed that the stock market had completed a short term bottom. Fortunately many on Wall Street do not seem convinced as many were looking for the rally to fail before the end of…
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A Market Turn This Week Will Surprise Many

A technical look at the stock market after last Friday's close (Why Friday's Reversal Was Important) indicated that an important turn may have occurred. The strong performance on Monday, especially the 7-1 lead of advancing stocks over declining stocks further supports this view. The action looks similar to that on October 4th, 2011 when the…
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The Trading Week Ahead: Why Friday’s Reversal Was Important

Editor's note: If you like Tom's analysis, check out ViperETF.com, his premium newsletter. For an already weak stock market the poor jobs report on Friday put the sellers back in charge in early trading as the Dow was quickly down 258 points. The initial selling in reaction to the new concerns over the economy was…
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