Why We Like LLY So Much, We're Trading It Again

In the video below, we look at a possible trend trade entry for LLY. We're clearly catching the trend about as early as we'd consider for The Chaikin Analytics system.  That boosts the possibility of whipsaw.  But let's face it, we're always evaluating the trade-off between profit potential and confirming signals.  Here, the longer term Chaikin trend has just recently turned up, with price having broken through and now retesting old resistance as possible new support.  In the video below, we show you which Chaikin Power Gauge metrics give us added confidence in this bullish trade idea. 

 Since that recording,  AA and I have studied the price acton and updated our weekly look at intermarket market conditions and added an indicator that boosts our confidence in Thu/Fri's  stock market reversal.  It just may have legs.  More tomorrow....