During today’s webinar, I was joined by my good friend Rob Moreno, one of the industry’s top technical strategists at RightViewTrading and a colleague at RealMoney.com. Rob shared his view on the markets, including where it appears things will be headed in the near future and current areas of support and resistance.
I also gave my view on the markets and the current chart structure. From where I sit, it appears the market may be ready for higher prices, as the technicals are nicely aligned and pointing up. Volume has been decent but it’s the price action after the jobs report last week that has been quite impressive. To that end, I mentioned some recent ideas that have caught my eye, including Altera (ALTR), Dyax (DYAX) and Baidu.com (BIDU).
We both took questions from the audience and analyzed some charts for viewers.
