November 5, 2011 - The Steady Trader

Chart Of The Day: Saks (SKS)

Saks (SKS) got smacked hard in the 2008 sell-off…from the low $20s down to as low as$1.50. Since then the stock has managed to pick itself back up in a big way and traded nicely technically. Several nice bullish wedges and flags have successfully played out over the past three years. Thus far in […]

Mid-Week Market View – May Selling?

As I sit here early Wednesday morning looking at yesterday's market action and the early trading in European markets, I notice the lack of energy in the tape. Since putting in a recent bottom last Thurday, the S&P500 jumped higher and last night closed only 13 points off the year to date highs. Earnings […]

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