shenanigans

A typical lull-you-to-sleep market all day long, than BANG! If you caught the end-of-day move today, then good for you. It's soooo frustrating to suspect it might happen only to not be on board once it does...grrrr. Price came within a nickel of the highs, a 1.7% move within 10-minutes, WTF! Of course I wouldn't complain had I been in the move :)
I digress.popped right out of a consolidation range and sky-rocketed to the highs!Anyway...something to keep in mind when the market is chopping around all day. Look for stocks that are trending (scan for ADX > 30, with nice, orderly candles) and find a consolidation range to jump on board. Here were two nice ones, notice the "3 pushes" up; push, consolidate, push, consolidate, push:Well that last minute push in SPY put us right up against the 200-day Moving Average
and right at the top of our range...here's the weekly, looks solid doesn't it?