Reading Time

If you haven't seen it yet, I posted an article on Trade-Guild "Is a Kiss More then a Kiss?"

I suggest reading it and several of the articles below to get a feel for the market. We are extremely overbought, but that means next to nothing as overbought can go on for a long time. There are however, several reliable indications that suggest we are close to the end of the uptrend. That is why this article is important to read, it lays out a couple of scenarios that you need to be prepared for.

I do not, have not and do not expect to see anything bullish that will change the primary downtrend we are still locked in so long trades are strangely counter trend if that makes any sense. I'll be posting more there, some sector opportunities and you'll see those stocks here, but you should understand the basics behind the sector and why the trades will be showing up here.

This is a difficult time as the market heads higher and all the indications are showing the equivalent of a Ginger Bread House. However, there are a few people that have been at this a lot  longer then I, like since the 1950's, writing indicators for Wall Street Firms and have seen a lot more then I and I feel confident that their assessment is largely the same as mine.

The market is dubious and deceptive and you must question everything you see and hear from Wall Street and CNBC-especially Cramer (who single handedly took out one of the most reliable technical formations over the last 100 years in a single night-AAPL).  I'd be watching for distribution in that stock over the next month.

If you find you are having trouble in the market now, always feel free to email me or go to Trade-Guild and read everything under "Resources and Concepts" and make sure you are on the same page. We can be wrong a lot of times and still make money, or without management we can be wrong a lot of times and lose everything.

Trades will be up Sunday