Here’s A Stock That Looks Poised To Resume Its Longer-Term Uptrend
On Monday, the Nasdaq opened weak but soon began to rally. However, it found
its high late in the morning and then generally drifted lower for the remainder
of the day.Â
Â
The S&P put in a similar performance. It remains
in a short-term sideways trading range. Â
So what do we do? Nothing has changed since
Friday: The S&P continues to
trade mostly sideways. The Nasdaq still looks poised to rally out of a pullback
but could run into trouble at the 2100 resistance level. The sector action remains generally positive. Therefore, all things considered,
continue to focus on the long side but wait for entries since market hasn’t
shown much follow through as of late.Â
As far as setups LCA-vision
(
LCAV |
Quote |
Chart |
News |
PowerRating), in the
strong medical practitioners sub-sector, looks poised to resume its strong
uptrend out of a pullback.Â
Best of luck with your trading on Monday!
Dave Landry
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