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Kevin Wilde
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Kevin Wilde is the chief trading strategist at alphaking.com and a Marketocracy.com Master. Investors can follow his trading advisories via his Daily AK newsletter, or have their money run for them via Marketocracy.com money management services, where Kevin's trades will be automatically entered.
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  • Important Week For NASDAQ Bull 0 comments
    Jan 29, 2013 11:35 AM

    The very positive action of individual stocks bodes well for the rally pushing deeper into the first quarter, though dangers of hitting stall speed that leads to a peak and reversal will remain front and center while the white volume line in the chart below remains below the red and blue lines, and the green ADX line fails to trend north.

    Both are currently inching in the right direction, though it only takes a day or so of harsh selling to turn things ugly for the bulls. Absent a bad week for the NASDAQ should see the ADX line turn up, which would be a very positive development.

    January so are has been firmly in the bull camp, and such starts to the year usually see the month end with a bullish push, so hopefully the badly needed buy energy will come in the form of end of month window-dressing over the next couple of days.

    I remain long QLD, EWG, EWW, EWW, XHB

    Kevin Wilde, Chief Trading Strategist, Alphaking.com

    (click to enlarge)

    Disclosure: I am long QLD, EWG, EWW, EWH, XHB.

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