Daily Market Snapshot
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| Bulls react to Apple's stellar earnings report. |
Market Direction Model
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| A little green is a welcome sign after the preceeding dry spell. |
The Woody Indicator
(Volatility Indicator $VIX)
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| Volatility has been coming down the last couple days. This is a good thing. |
Trendline Analysis
Apple
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| Apple up around 9% today. So Goes Apple - So Goes the Market. |
It was a good day for sure. I would like to have seen even more strength today, but we will take what we can get. One day does not make a trend; it is a start however. I did begin adding positions today in most folios. Even if the correction continues, I believe it will not be too deep. The Euro debt problems eased somewhat today and the Fed Chairman's FMOC comments seemed innocuous.
Special Go-Getter Model Portfolio note:
New America Folio
The New America folio was helped a little today by a very nice 12%+ pop in GNC Holdings.
It does look like what we call a Climax Run. I will more than likely take profits tomorrow.
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| Up 12.26% today |
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