My EDIT entry idea on March 4, 2019 is up about 28% and is soon likely to re-trace about 1/2 of the recent ramp from $20. While it charts out to about $40 next year, near term (8-10 weeks), it could come back in to the $24 to $25 range. Consider taking partial/full profits. EDIT could provide another entry for the run to $40 near the end of February which would be timed well with the broader market expansion. Editas Medicine Inc (EDIT) daily … [Read more...]

I wish you a wonderful week with your loved ones. Before I begin, let me get this out of the way...Are the pundits on CNBC actually getting paid real money for talking nonsensical doublespeak gobblygook that has zero value in the real world of buying and selling stocks. I can name only one who has been even slightly bullish for 2020. They have taken the art of neutral, smart sounding, unaccountable, echo speak to a new extreme. How can I say, NOT HELPFUL IN THE REAL WORLD PEOPLE. OK, I got … [Read more...]

Broader Market Review All broader market indexes have crossed over and are separating from their individual ascending yellow line resistance levels (now support) from early 2018 that I have been referencing for most of 2019. This separation is GOOD. It's exactly what we want to see. The separation is BULLISH. The expansion has finally begun. Price action is right on it's expected and projected track and the thrust higher in 2020 should catch most people off guard as there aren't too many … [Read more...]

Broader Market Review Just like I have been describing most of the year, the broader market has released above resistance and is beginning to separate from its 22 month range channel into its expansion channel leaving all those negative nancy's in the dust scratching their heads. It has happened almost exactly as I have projected. The Dow Jones Industrial Average, the S&P 500 Index and Nasdaq have all crossed over ascending resistance and are transitioning into their expansion channels. … [Read more...]

I'm attending a workshop in beautiful La Jolla this weekend hosted by TC2000, the charting platform I use. I'm here to learn more about the new features and functions offered in Version 19. Thank goodness the coffee is hot because it's absolutely freezing in this conference room. By the way, I highly recommend TC2000. And yes, I'm writing during the workshop while I listen for usable information. This weeks update will be slightly abbreviated (maybe) due to the Saturday and Sunday workshop … [Read more...]