Professor’s Comments April 1, 2014 Update
Posted by OMS at April 1st, 2014
OK, the SPX made a run up to 1880 this morning, reaching a high of 1884+. So now let’s see if it starts to pullback toward 1870 like I expect.
I ran The Professor a few minutes ago, and he still does not see a trend developing. However, two sectors are starting to strengthen. They are Healthcare and Technology.
Thus is very important because I can’t imagine the market marking any sort of significant rally without these sectors.
Two technology stocks that I’m currently watching are Agilent (A) and Juniper Networks (JNPR). Both have nice Hockey Stick Patterns, and are in up trends. But at the moment, both are currently very RED.
I don’t believe that either stock is in the data base for the Member’s Watch List.
Also keep an eye on Apple (AAPL) for a move above 549. If AAPL starts to break above 549, it’s likely that the next rally leg in the NASDAQ has started.
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Category: Professor's Comments