Two nice looking charts!

Waiting patiently and ready for a turnaround!

Reminder: The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

Hanging around 200 dma.

It could rally from oversold levels, but waiting for stocks to set up proper low risk buy points is prudent thing to do. Patience.

Look at a new ipo.

 LNKD traded over 120 four weeks ago. This is why it's good to wait, rather than act on the hype, for the proper base to form before taking a position.

What to expect in the week ahead of us.

The week after a triple witching week almost always sucks.  Since the first quarter of 2000, only 13 of 40 weeks after a triple witching week were positive, none of these were after a June triple witching week however.
The June stats are really bad.
The week after a June Triple Witching Week has been negative for the Dow Jones Industrials 19 out of the last 19 years.
June is ranked as only the 10th best month for the S&P 500 historically and the 11th best for the Dow.