By Harlan Pyan
The following is an excerpt from today's premium report by All About Trends. Enjoy a free 15 day trial to their service and receive daily stock picks, market analysis, and a complete trading plan.
At least when one looks at the indexes here that is. Which is just another way of saying we MAY be going range bound here. If so then don't be surprised to see the indexes take a trip to retest the highs which is range bound resistance.
Might as well throw up GOOG here as it's 8% of the NASDAQ.
See what this issue is building out? Yep, its a Pullback Off Highs (POH).
Yesterday we said and still true today:
“It's a split tape. The indexes say one thing (back to the same old same old extended stays extended?) and individual stocks say another thing (a lot are still in pullback mode) and others that MAY end up going range bound here. Hence it's a market of stocks.”
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