Monday, October 16, 2017

  Overall Market Conditions:  Extremely Choppy Behavior - Extreme Caution is Warranted

A positive day for many of our leading stocks even while the S&P 500 and Nasdaq indexes struggle to move any higher with only fractional gains. The indexes have developed minor bearish patterns which I highlighted here last night.

Let’s start with these leading averages since the patterns in these indexes should be watched after an extended move in the market.

TBA = Technical Buy Area

Now on to some of the leading stocks I remain focused on.

Many of our Chinese stocks have done well from recent TBA’s and today several of these names added to gains.

I look forward to seeing you tomorrow and Wednesday in my chat room catching the best moving stocks, and then back here on Wednesday night.

Daniel J. Zanger