Bears Getting the Upper Paw

It happened again.

Everyone was awaiting a major economic report - this time, the GDP. It was revised up - way up - which no one expected. The result?

The Dow 30 - down.

The S&P 500 - down.

The NASDAQ 100 - down.

This is exactly what we want to see. For even good news to be powerless. Because when the good news runs out and turns to bad, the slide will quicken.

I don't have any new charts to add today. There have been plenty of those recently. Just wanted to share the joy.

Oh, one stock I will point out that looks like a good (shhh.....) buy (yes, buy) is Akamai (symbol AKAM). Take a look at the entire history (daily basis) of this stock. Lovely saucer pattern, breaking out on strong volume (I certainly hope you're using Prophet JavaCharts and not some lesser system).

Actually, let me amplify that remark. Perhaps you think I'm a "Johnny One Note" who only talks bearishness. Not true. There are a host of BEAUTIFUL stock charts out there for those who want to buy. I'm just too bearish in general to do so. But if you want to check them out, here they are:

ABI
AKAM
ASYT
BIDU
BLKB
CELL
CSC
GFI
IVIL
MCHP
NOVL
PAYX
Q
RADN
RATE
RBAK
SIGM
STAK
VIGN