The NDX seems to have touched resistane (see chart below).  Should it break up it could reach 2007 highs.    Technically speaking this formation looks to me like an inverse head and shoulder pattern. 

The Bears

Are The Bears to Scared To Bounce? Just look at the simple chart of the S&P500 (SPY) below.  The fact remains that every single dip got bought more aggressively than the last one over the past .   After so many slaps to the head do you think the bears might just be a little shy to […]

Apollo Group

Apollo (APOL) Group Setting Up For A Buy. APOL has been on my radar for several months now. After the big earnings drop in October I had sold calls and collected nice premium when shortly thereafter the volatility came crashing down and the stock paddled sideways for a while. Now the setup is much different: […]

Russell 2000

Russell 2000 Makes 2 Year High It was the last of the major indices  to make a new 2 year highs the past few trading days.  . .today it did.   And with this the market again proves just about everyone wrong as many called for the mid and large cap and technology stocks' lagging […]