market top

Are We At a Market Top?

As the markets continue to move higher and experience low volatility, we are hearing constant chatter about reaching a market top. Naturally, these predictions rarely come with a calendar date, ensuring that these foolish prognostications are correct at some point in the future (just like how a broken clock is right twice a day). For…


Cisco Systems Breaks Out

Cisco Systems is making a nice comeback post-earnings. After the company posted lower than expected guidance, volume levels were elevated as Cisco was pounded. After some tight consolidation, the stock made higher lows and higher highs on the chart. Finally on Monday, it had a breakaway from that range (circled). If the nice rise in relative…