Recoveries from sell-offs are swift; weak sectors (IWM, XLF) continue to consolidate on a weekly basis, but have displayed some modest relative strength on a daily basis. Major price trend remains up and we will continue to participate in the uptrend with cautious stops set along the way.
Bob Palmerton founded Baseline Analytics in October, 2005. Bob received his MBA in Finance from the University of Michigan, a BA in Economics summa cum laude at Fordham University in New York, and is a Member of the Market Technician’s Association (MTA) in New York City, where he was awarded the Chartered Market Technician (CMT) designation. Bob is also a member of the Technical Securities Analysts Association (TSAA) and the Detroit Metastock User's Group.
In 2010, Mr. Palmerton co-founded The Absolute Return, LLC., an investment advisor registered in multiple states, offering investors a choice of several "absolute return" portfolios.
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