The action in Cameco (CCJ) illustrates the two-side or 360-degree nature of this market. When the pocket pivot fails at the 200-dma in conjunction with the major market indexes rolling off their intraday highs this morning, the stock simply morphs into a short-sale target at the 200-dma. This is the nature of this market, where steady, intermediate-term trending situations are non-existent. This is why we issue very few reports these days and currently have no stocks on our Focus List. We could easily be seeing a typical manic bear market rally.
Pocket Pivot Review - Cameco (CCJ) Follow-Up 11/11/22
|Published:||11 Nov 2022 11:39 ET|
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