ABAN is showing some strength.

Return of Common Sense

Will Europe allow its economy to be devastated for a Greek loan of US8 billion? The obvious, common sense answer is: certainly not.

Markets will go up and go down. For many reasons, traders will be bearish / bullish and so on. But, the end of Europe should not be a reason to become bearish. Because, Europe is NOT coming to an end.

European and American markets have just seen the best month for bulls since 1987. Surely, markets will consolidate, become choppy, go through dips after such a spectacular rally. That should be a reason to expect a decline of sorts. But, Europe coming to an end: No way.

ABAN is showing some strength.

After a decline of almost 390 points, the chart of ABAN shows us some strength in the stock. First the stock saw a decline of almost 390 points. Then we say a consolidation between 373 – 417 for a period of almost 4 months and now it breaking up from its resistance. All this suggests a decent rally in ABAN is possible(see the chart below).

Mid Cap Wake up call?

I am pleased to inform readers that I will be seen on CNBC starting today.
Two mid cap stocks that should be kept in mind for trading as well as positions are: Dish TV and Mother son Sumi. Both shares were relative out performers before the current crash when the mid caps were crushed.
Now, mid caps charts are suggesting breakouts after a sharp correction. While the broad market trend will determine if these breakouts move further up, it is time to focus on the strong performers, look to buy on dips.
I have no positions in either of the two stocks.