27Mar12:41 pmEST

Three Confirmed Tops Staying Weak

As we have profiled for many months on end, AA CAT and IBM are all sporting charts which have confirmed, major topping formations after prior uptrends on longer-term timeframes. 

Their persistent weakness without much in the way of a meaty, tradable rally still renders them viable short trading ideas on any further weakness. 

Also note that all three of these firms have enormous market cap and are considered global bellwethers, in many respects. In this particular bull market their significance seems to have been marginalized.

But I suspect that, barring any major upside reversals on heavy buy volume, their weakness will prove to have been the proverbial canary in the coal mine. 

Two Ideas Putting in the Wor... A Focused Intraday Look

 
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