I kid, I kid. Of course I don’t presume a stock like AMCX could lead a horse to water, let alone the entire market. But you’d have to admit that the chart for the Breaking Bad cable network is as ripe as any for a further breakout if the broad market can get out of its own way next week. This kind of relative strength is exactly what you are looking for in the event of a market bottom. Also note that with the DISH deal out of the way, the chart is in good shape to attack $47 next week.
I will have a full look at the broad market over the weekend in my Weekly Strategy Session (please click for details).
Have a great weekend.