Hey Gang, There is a credit unwind that is putting downward pressure on the financial markets.  It is referred to as the Yen-carry trade.  If you do a search for it, you can find out the details of what is going on with it.  My point here is to look at the major support that EUR/JPY currency pair is currently hitting.  If the pair breaks support, it will lead to continued selling in global equity markets.  If the pair finds support here, there will be a reprive from Yen redemptions […]

Hey Gang, We have spoken about the 50-day Moving average alot.  This market is battling that average and many individual stocks are playing around the average.  A couple weeks ago in the blog on 50-day MAs, we showed how many stocks were breaking above the 50-day MA and explained the bullishness of that action.  Many of the stocks that captured the 50-day MA moved higher and recent market activity is creating a buyable pullback.  Below are stocks that are retesting the moving average.  Buying on successful restests is one of […]