One Way Or Another.....

This is the type of market that drives traders crazy. For the past few weeks the broad indexes have been sideways. As stated before the long and medium term direction is still up. A new stock that has caught my attention is DTG. Chart 1 below is the weekly chart. The trend is still up as long as this weeks close stays above the blue line. You will also notice that DTG has retraced a little below the 61.8% Fibonacci retracement level. Since the weekly chart is up I will be looking for a buy signal on the daily chart. Chart 2 below is the daily chart. DTG has retraced exactly to the 50% Fibonacci retracement level. I will be looking to buy DTG if the close tomorrow is above $25.69.

TBT is still a buy watch on a close tomorrow above $48.79 and RSX on a close above $25.69.

Chart 1

Chart 2