facebookyoutube

Smart Trades Inc.

Expert market forecasting services

 

Excerpts from recent newsletters:

 

Smart Trades Update 6.16.11

 Although the triangle scenario is increasingly questionable, it is nonetheless
still viable as long as the S&P holds above 1249. The low so far is 1258:

SP1

Finally, Apple has broken its triangle pattern. This tends to make me favor the
expanded flat count for the broader market as well. The lower trend line of the
bull flag pattern will intersect with the rising long term trend line near 315. A
solid break of 300-315 in Apple would make me reconsider this pattern for both
AAPL and the broader market. Please note volume and momentum are both
waning on the decline (so far)  which is consistent with a corrective decline:

 

APPL

Apple 6.20.11:

AAPL

 

Smart Trade Update 6.22.11


The stock market is leaving its options open. Short term the S&P held the lower
extreme of where a triangle needs to hold. If that's the case the INX could rally to
the 1340-1350 area in "D" of a large contracting triangle:

SPX

 

The decline from 365 looks corrective. New highs are favored (365 and higher):

 

AAPL

 

AAPL60

 

SUBSCRIBE

Monthly Subscription $49
  

 

 

TRADE AT YOUR OWN RISK!

No claim is made that the recommendations or systems will be profitable or that they will not result in losses.