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Jingle Ben, Jingle Ben, Jingle All The Way- Professional Edition

Merry Christmas to you and yours! There’s been a lot of chatter about extreme bullish sentiment lately. As far as I am concerned, the only sentiment that matters is Ben Bernanke’s and his henchmen dealers (Sorry, Russ). As long as he’s stuffing cash in their pockets, I don’t see much chance of a big break.

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This Week Will Tell If The Bear is Really Coming Out of Hibernation

 
Last week’s selloff did less damage than it may have felt like. The drop stopped in the area of 3 crossing uptrend lines, ranging in length from short term to long term. Here’s what would tell us whether the uptrend is still in force, or signal that something evil this way comes. I have added 8 new stocks to the swing trade chart pick list, including 2 shorts.

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