I was looking for a positive follow-through day and this was it.

Today we had a gap higher at the open and went back up to prior swing highs and broke and closed above them. We settled out at the 20 day moving average and the consistent series of lower highs have finally been broken. In sum this is indicative of noteworthy shift in the balance of power. Weather that shift in power is going to stick will be tested tomorrow afternoon with the Fed announcement.

Who are the major holders of U.S. equities?

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.