Clif Droke

Clif Droke

Clif Droke is a staff analyst for Cabot Wealth Network. For over 20 years, he has worked as a writer, analyst and editor of several market-oriented advisory services and has written several books on technical trading in the stock market, including “Channel Buster: How to Trade the Most Profitable Chart Pattern” and “The Stock Market Cycles.”

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Bullish, Seeking New Highs

The market remains firm with no internal selling pressure evident. The number of stocks making NYSE new 52-week lows is extremely low and most industry groups are participating in the ongoing rally. I think the dearth of new lows can be attributed to seasonal...
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Momentum Strategies Report

Momentum Strategies Report is published three times per week. This report covers the broad U.S. stock market as well as six major sectors: Transportation, Financial, REIT, Gold/Silver, Oil/Gas, Semiconductor/Nanotech. Published since 1997, we have an excellent track record for timing the markets using proprietary...
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Sideways May Be the Norm

Trading volume was relatively light on the NYSE with 750 million shares changing hands. The Advance-Decline (A-D) line was positive but the number of stocks making new 52-week lows was unacceptably high at 85 (versus only 53 new highs)....
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Momentum Strategies Report, May 9, 2014

According to the latest sentiment survey conducted by the American Association of Individual Investors (AAII), 28% of respondents were bullish, 28% were bearish while 43% were neutral. ... the highest level of neutrality in more than 10 years. Investors have been essentially neutral the......
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