The market has been extremely resilient lately, with every bit of weakness leading to buying opportunities. As such, I’ve picked three stocks that have pulled back from recent highs, but remain within well-defined bullish trends. Each of these stocks are primed for “buy the dip” opportunities that could lead to new highs within their respective uptrends. Read more..
Don’t forget, I’ll be speaking to the Association for Technical Analysis (AfTA) Special Interest Group this Saturday, January 22!
The E-Mini S&P 500 has been extremely strong thus far in 2011, making every pull-back a buying opportunity. Given the ES’s current behavior, I’ll be looking to execute the following plan of attack for my first trade of the day…
Deere & Co ($DE) has trended higher for about 16 straight points, most recently rallying from $74 to $90. However, more movement could be seen from this stock ahead, as important two-day relationships have formed that indicate a major breakout could be on the horizon. Here’s why..
SunTrust Banks, Inc. ($STI) has seen a nice run of strength the last two months, rallying from $23.23 to $30.80 during this stretch of time. With the recent push through resistance, the curret pull-back could be a prime swing buying opportunity. Here’s why..
