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Friday, July 29, 2016

$GPL *chart* watch for breakout at 1.47 target is $2.25 Plus

Sometimes you just have to take the hint---> $GPL & $ICEIF 
****EARNINGS OUT WEDNESDAY AH for $GPL!



The other name worth a look today is Intelligent Content Enterprises (ICEIF).
Yes, it was only yesterday we examined the budding reversal effort from ICEIF, but after today's 6% follow-through we're even more convinced this is all going somewhere. Not only was the buying volume once again strong, but today's move also carried the stock back above the 20-day and 200-day moving average lines.
Speaking of volume hints you have to take, there was nobody more surprised than me that today - a Friday - not only did the S&P 500 reach a record high and put some real pressure on a big technical resistance line at 2175, it did so on higher volume.

People were getting into stocks at what was arguably the riskiest day of the week to do so. Like they say, don't fight the tape. The 20-day moving average line has now had a chance to catch up and step up as a support level.
But, I was reminded by a buddy today that we can't have blind faith in everything all the time.

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