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The Chartman

Staying Bullish in a Sideways Market

By The Chartman FOXBusiness

This sideways market is VERY annoying! But here’s the good news: It now looks like it’s formed an ascending triangle. That’s a good sign, as it’s generally a pause before a further move north. “Generally,” not always, but I’m more bullish than bearish right now.

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Sometimes a stock makes a big breakout and you think it’ll go to the moon. Not so with Cisco (CSCO), as it’s dawdled since late last year. But I’m still hopeful, and if it sinks further, I would be a buyer.

Sometimes a break is so nasty, it says “run!” Such is the case with Intel (INTC)!

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Back next week to eat hot dogs, corn on the cob, and watch some fireworks!

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