“The market can remain irrational longer than you can remain solvent.” This famous quote by economist and speculator John Maynard Keynes may be appropriate in the current market environment, where the main stock market indexes have been seemingly unstoppable for months. Investors who have been waiting for a substantial pullback to enter the market can […]
Since a picture is worth the proverbial thousand words, take a look at this simple daily chart of the S&P 500 (as a proxy for the broad market): The market will certainly correct, but the uptrend clearly remains healthy. In addition to what is shown on the chart above, it would require both the 50-day […]
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We recently bought Alexion Pharmaceuticals ($ALXN) in our Wagner Daily ETF and stock newsletter, and this post is an educational walk-through of the technical setup and subsequent trade management. We’ll start by taking a look at the daily chart as it appeared prior to our March 12 buy entry: A tight consolidation near the highs, holding above the 20-day […]