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Market Reversal. Insane Volume!

12/18/2013

 
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The S&P 500 rallied to resistance on incredible volume.  I'm cautiously optimistic the Santa Claus Rally is here. If you believe we can break out and move higher, then check out these VERY Bullish Power Gauge rated stocks:  #ADM

  • #ANR
  • #BIIB
  • #COF
  • #MRVL
  • #PSX
  • #VLO
These are all highly liquid, optionable stocks, with strong industry groups, technical and fundamental ratings.  Remember, the Power Gauge is 85% fundamental.  Very Bullish stocks with uptrending Chaikin Trend Lines that are over sold represent the sweet spot for this systeml. Here's an example:  Archer Daniels Midland.  It broke out of a period of price consolidation today.

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#ADM
  • Uptrending (orange) Chaikin trend line.  
  • Money Flow and relative strenght are supportive of price. 
  • Power Gauge is very bullish, with all 20 factors green.  This is rare to see the the meters pegged.
  • The stock never quite made it to overold, though I expect it will pull back and test $42 as price support, before moving higher. 


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