was highest weekly close since January 11 (4.25). Was the highest monthly close since September (4.36). Still looking for major market top during week of July 15-19. More likely toward end of that week. While original forecast target of S&P 1700 plus looks iffy, expect the next two week to have a strong upside bias. By the time market tops, S&P should be close to 1700. After July 19, market should be hard down for many months taking most stocks with it. Have no idea how ATRS will hold up. Gold looks like an interesting trade starting in August. Still may be a little too early to commit to the metals, but getting close to an all out buy.
What's this fascination with August 14th? It was very nice to see ATRS hold up so well during that mini crash we went suffered through a short time ago. However that sell off was nothing compared to what I think is coming. How it holds up to relentless market selling day after day remains to be seen. I hope you're correct, but I'll withhold judgement on that until we get there.
Cup and handle since January (handle is flat). Nice consolidation pattern and appears ripe for a breakout. I'm here for the fundamentals, but it's important to understand some basic technical formations as well.
ATRS had the Golden Cross today, so I'm not surprised it closed at this level. Going forward, the 4.20 barrier that has contained the stock of late will be broken perhaps next week but certainly by July 15th. I am not worried about the general market taking ATRS down, hope this statement doesn't come back to haunt me.