***** Technical Analysis (Jan 20)****
The majority of indicators turned negative this week, including McClellan Oscillator, stochastics, MACD, and EMA's. They are not likely to reverse overnight and the risk is that the trend could continue for the short-intermediate term, which is 2 weeks to 2 months.
For 2006, small caps are likely to outperform the large caps once again as that is where the growth is.
Energy small caps have done well recently as long as they have had progress in fundamentals and/or operations.
Dr.Bob's commentaries are not to be construed as recommendations to buy or sell stocks, options, or ETF's as Dr.Bob is not a Registered Investment Advisor. Information and data provided here is believed to be reliable but cannot be guaranteed to be accurate.
Always do your own research and due diligence before investing or trading. Remember that Technical Analysis can change by the day, and as such, one day's TA may not be the next day's TA interpretation.
Dr.Bob's mission is to teach Technical Analysis and demonstrate a structured approach to Market Analysis, for position and swingtrading. There are many other TA structures, strategies and systems.
Dr.Bob no longer hosts Stocktimers meetings on Sunday nights at AOL. |
