Warren Bevan | TalkMarkets | Page 6
Full Time Swing Trader/Technical Analyst
Contributor's Links: Wizzen Trading
Warren Bevan is a renowned trader who’s honed his craft over the years learning the styles and techniques of Jesse Livermore, William O’Neil and Dan Zanger and forming his own unique style. He focuses on making money and going hard when the right markets present themselves and during ...more

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Trending Higher
More fine action from stocks this past week, even in the face of a little GOOGL weakness due to tax increases.
MicroDip
Stocks continue to act great with the near lone exception of steel stocks who’ve reported solid earnings, but are reacting to a negative note out on them which looks to me to be just banter for the big boys to buy at cheaper prices.
Back On Track - Monday, January 23
The inauguration came & went, followed by massive marches and demonstration against the new President, but stocks continue to hold well. I don’t see any reason why we won’t see this bull market continue so buying dips is the strategy to follow.
Netflix, To The Moon
Stocks continue to setup bases with not a lot going on. On the flip side, this evening NFLX has reported great numbers and that may well spark some solid upside as we progress through earnings season.
Basing Is Nearly Complete
We’re not seeing a ton of upside action of late although AMZN, GOOGL and NFLX​ are acting great and looking spectacular for more upside. Leading stocks lead and these 3 have been leaders for year and are telling us to get long now.
Back To Work
It was a bit of a weak short week into the end of 2016 but let’s wait and see how stocks act as we begin the new trading year Tuesday.
A Nice Wedge For SPY
Sometimes while volume is so low we can see some great moves but so far moves are generally pretty subdued, but setting up for continued upside action into the New Year, but time will tell.
The Rally Picks Up Again
Everything is still clicking. Markets are great, especially the Nasdaq chart. Stocks are a rockin’, so don’t come a knocking.
North Pole & Beyond
A very quiet Friday as we move into the holiday season in full force now. Many traders are now away until the new year but that doesn’t mean we can’t see some strong moves.
Rate Increase Doesn’t Faze Stocks
Stocks rebounded after a brief dip on the actual rate hike news, which was a quick chance to buy a few positions on the cheap.
‘Twas The Night Before The Rate Hike
Strong action continues as we ramp into the all but certain interest rate increase Wednesday.
A Baffling Week
There is no stopping SPY​ yet as it continues to mark new all-time highs on a daily basis. We are overbought and starting to turn lower on the indicator I use, although it’s not yet showing in the SPY chart.
Stocks Act Super
It’s been quite the week with some wild swings in Pharma and bio stocks but they are still setting up nicely, while steel stocks continue to show very nice strength like we haven’t seen in years, but they do need some consolidation shortly.
Stihl Strong Steel Stocks
Steel stocks continue to move well along with banks and some pharma stocks, while precious metals continue to try to build a base.
Looking For Lows
A great week of rest as we work off overbought conditions. Stocks continue to set up and I’m even spotting a few cup and handle patterns that are nearing completion, just in time for the run into years end.
Consolidation
SPY looks to be setting up a nice bull flag here so a few more days and we may get the start of the next leg higher.
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