Monday, August 6, 2012

Market Update 8-6-12

We are still in earnings season but it looks like there isn’t anything on the radar that’s going to affect the market drastically.  Look for stocks to just move on their own technical setup.  I like the way Walmart is looking right now because it spiked up from a bull flag. GE is also looking strong and it has weathered the storm pretty well over these past few weeks.  I saw this move upward a over a month ago, it just took longer than I expected to develop.  If it gets above $21 then look for it to push even higher.

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