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The Weekly percentage comparison chart below shows that there
has been a divergence in market movement, so far, this year
between the SPX and EEM. This year, the SPX
made a higher closing swing high than that made in 2011, whereas the EEM did
not. Both have turned down from major resistance recently.
This is my first trade after being back from a short vacation since last Wednesday afternoon. Thank goodness for those 5-hour energy drinks or I'd be lagging quite a bit today.
The trade in Crocs (CROX) comes off of my watch-list, and a stock that I've been following for weeks now, waiting for an ideal entry. Now given, CROX can be a volatile and often unpredictable stock, but in recent months, it has settled down quite a bit.
So with this trade I see:
1. Inverse head and shoulders pattern
2. Bull Flag for a low-risk entry
3. Pullback to the existing uptrend.
I've also gone ahead, as usual, and put my entry, stop, and target prices on the chart as well for better visualization.
Here's the CROX Chart Setup. 
Excerpted from NFTRH 202:
Bernanke Plays it Perfectly
From last week’s opening segment:
“Another way to look at it is
that the market’s fate appears to rest with the jawbone of the man about to
speak at Jackson Hole on Friday.”
From last week’s closing ‘Wrap Up’ segment:
“I think the theme now is that
if you are a trader and if you have profits it is a logical time to take some
or all of them.”
This is going to be a single-digit stock within a year. Probably around the time Zynga and Groupon are delisted.
