Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 30, 2015

SCTY Ready for Round 2?

SCTY has made a monster move over the past several weeks after it lifted from a very deep technical setup.  The setup is a high enough quality that it could easily have a second and third run off it.

click on image to enlarge

Normally, these deep setups will consolidate for a while before kicking in again but with the broad market looking shaky and traders having trouble finding the next big mover, a second round might come sooner than expected.

Trade well my friends


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