He's not bullish yet. Since early summer, he has moved from neutral to high risk, when there's more market volatility. The S&P is below 7,600; if it stays here, it becomes technical support, and likely fall to 7,300. The crowd is getting very bearish because they've seen the market fall for the past month. He predicts a little more downside before we reach capitulation, which is the time he will buy. We're getting there. He still holds 20% cash, and is ready to deploy it.
The chart has a gentle uptrend and a mild trading pattern. It's hard to say it will swing down, now. It will likely keeping going up, but will be a rough ride. Enter around $38.
The neckline is around $16 after breaking resistance around $20. Don't buy now--it could fell more. Maybe there's a trading range in recent months. Wait for a bounce up first and maybe buy.
A good company, but is under pressure. The chart is early in breaking down after some lower highs. Don't buy today; maybe it can recover to the neckline.
The chart has been consolidating this year. It could be overbought and could break down and return to support around $78. But if it falls below support, that's not good. Or it could break out. 50/50 call.
A classic example of buying off a base in a trading range. The chart broke out recently then sold it at $460, making 15-20% in a month. He got out to avoid being greedy.
He bought in when it broke out, then shares jumped on good news. The chart is starting to break down now, or could be consolidating. He might sell it in 3-5 days, maybe.
The chart is in an uptrend, though volatile. He has traded this before. A good company. Now, the chart appears to be hooking up, which could be a good buy point. First, he wants to see more proof of an uptrend. He buy a tranche at $45.