Thursday evening thread

5 min chart of the SP500 for the first 4 days of the week. a whole lot of moving around to be basically where we started on Monday morning. At resistance levels. Tune in tomorrow, same time, same station, as the world turns ....

Afternoon Thread

Beauty index baby. Volatility squeeze. Not too extended. (10 day and 20 day are within spitting distance anyway.) 52 week high today. All time high today. What's not to like - except you didn't catch it sooner?

Morning Thread

Gator's Chart of the Day: CMG

It is hard to argue that the chart is not "extended" ... but if you had bought any close approach to the 20 day simple moving average in the last three months you would be a happy camper.  Such an opportunity presented itself yesterday.  With the 20 day sma at $385 and just $7 (1.8%) below the closing price, starting a small position with a stop just under the middle Bollinger band would be a low risk trade .