With a roughly 35% gain already in hand, we're taking profits on ISSI today. The recent persistent negative money flow and declining Power Gauge ahead of earnings is enough to keep us from staying through the announcement. If institutions are selling, then so are we. We'll find another Very Bullish tech sector stock to replace it
AA and I get together every Sunday to analyze the market and find trade set ups via Chaikin Analytics.
I know, I know...I have been squirming for months about the weak overall Power Gauge ratings for the underlying stocks in the S&P. The Power Gauge is hardly influenced by Greece and China. Notice price trend is in the process of adjusting to a different fundamental reality. I wonder if Chaikin Analytics is portending a much rougher earnings season...and subsequent market reaction....
With economic troubles in Greece and China, and a looming Federal Reserve rate hike possible, recent market conditions have been especially volatile and economists fear grim news ahead. In times like these, how can you manage portfolio risk and continue to find winning stocks?
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