Yesterday was about what you have to expect, given the setup. A summer Monday, after a big up day, equals small volume, and a small range. In other words, we all should have taken Monday off because we didn't miss a thing.
Today, for a change, the Russell 600 Value index,
Minnesota Mining & Manufacturing
Now, about this GBS Charting Service, formally called "The Chartman's Top Stocks." The poo-bahs are saying we're going to set sail Wednesday, so look for announcements on both
within the next 24 hours.
Also, you should be able to read some archived columns at that time, and darn it, I've been hot, nailing stuff like
on the long side, as well as
on the short side.
Naturally, there have been a few losers here and there, but overall, the results certainly have been acceptable. You'll also be able to read some FAQs and see a further explanation of just how you can benefit.
Now, let's hope I don't crack under the pressure of having a live audience!
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes six technical analysis columns for TheStreet.com each week, including the TSC Technical Forum each weekday, and Technician's Take once each weekend. While he cannot provide investment advice or recommendations, he invites you to send your feedback to
Gary B. Smith.