Weekend Commentary from Fallondpicks.com
Secondary tech market internals [$NASI, $NAA50 and $BPCOMPQ] also exhibited weakness with the $NAA50 generating a 'sell' trigger in its 5-day EMA with a corresponding 'sell' trigger in its Ultimate Oscillator. The $NASI bucked the trend of the other internals and the markets as a whole by actually gaining a few points (in favor of the bulls).
Newsletter update:
GIB was knocked on the head by a mix of a tight stop and a weak market. The stock featured as a Breakout for January 31st and again for February 8th. The latter closed for a 2% loss, the former for a 4% gain. ELY was deeply discounted following earnings, cutting through its January 22nd Subscriber pick stop for a 7% loss. SUI suffered a roller coaster ride with a sequence of gains and losses to whipsaw those with the best of intentions. The February 5th Subscriber pick closed for a 3% loss and an earlier August 30th Subscriber pick for a 3% loss too.
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