Tracks are tracks. They do lead somewhere and it may be where you want to go.
5 Day, 15 min. - May 12 - The Intermediate Bullish Trend has been at least temporarily broken by a short term bearish move in the last two days. The Internals and trend to the downside offered excellent opportunity for intraday trades. On going Iron Condor trades have moved favorably in our Delta Neutral Portfolio. One such trade has been featured in Condor Country near the lower end of the Blog.
20 Day, 2 hour - May 12 - Intermediate Trend continues Bullish. There has been a corrective pull back in the last two days. Momentum is centered at this time. Support can be expected in the lower elements of the channel range.
3 Month, Daily - May 12 - The Bullish Move of the last 6 weeks has been impressive. Of course, about the time that we think the road ahead is paved without curves, curves will develop. It is hard to expect this Kansas Straight Highway to maintain this consistency.
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