The weekly chart has been consolidating well at major highs, thus far.
Watch this important high end stock to see how it resolves, be it a major breakout or eventual rejection.
And drop me your top tickers for New Year’s Eve.
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C , JPM , BAC ; take your pick . All have
done little the last several sessions and all
have had unique first week of the year seasonality in recent years . I’m going to try some cheap weekly calls .
BTW ; thanks for all the effort this past year . It is appreciated .
Cheers!
Chess, I’m a bottom feeder, but it’s hard to deny that BID looks ready to go higher. Somewhat scary to see your Sotheby’s Market Indicator at these levels…but in viewing 2011 as the recent bottom, seems there’s still some distance to run, if it mimics the action of previous bull markets. http://ibankcoin.com/chessnwine/2013/07/02/rebidding-the-sothebys-stock-market-indicator/
Indeed Unc!
Chess – I`m thinking HTHT has a nice setup as well. Happy and prosperous new year! – Mike
it ha been a sweet one, Mike. Same to you!