Tate Dwinnell

Rally Broaches Resistance: What the Charts Say

taking technical analysis completely out of the equation common sense says that following a 30% sharp rise in a bear market with little institutional participation, you at least take something off the table.

Home Builders Surge, Overbought in Short Term; Top Play NVR

Abolutely, the market is ALWAYS the leading indicator. BLG looks like an interesting trade but certainly more risky than a LOW, HD or MHK as far as building supplier goes. As with the builders, these names are also quite overbought in the short term.