Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Orderly Pullback


So far my work argues that this morning's weakness is an orderly pullback -- almost muted in a way -- after yesterday's explosive advance. My work points to weakness into the 38.00 area prior to a resumption of strength that propels the Q's above yesterday's recovery high at 39.09 towards my next optimal target zone at 39.50/60. At this juncture only a decline that breaks below 37.50 will begin to compromise my current outlook.

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his new ETF Trading Diary -- a combination of his diary services.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!