Market Initiating New Uptrend - Buy on Dips!

Dear Readers, the recent market slump looks to be over as many cyclical stocks are breaking out of their downtrend and initiating new breakout. It is now a buy the dips market with the market breaking resistance. We could see further upside in the stock market. Perhaps the bull market has yet to end after all. The majestic rise from 2 weeks ago had forced the bears to run for cover. For all we know, the recent slump last month could just be an intermediate correction of a bull run. The market is indeed very dynamic whereby opinions doesn't matter. I was bearish and now i am bullish. Concentrate only on price action. Stay flexibility in your bias.

AIG - Looks to be coming up from a properly formed base. A stock in accumulation.

BAC - Possibly the weakest of the bank stocks, it looks like its trying to break its $11 resistance.

Citigroup - Looks to be in some sort of bullish continuation pattern at its resistance area instead of failing at the resistance. Citigroup is now a buy on dips to the support area.

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US Steel - Another cyclical stocks with a change in trend detected in late June. Stock has now broken through its resistance and is now a buy on dips to the support area.

Aloca - Broke out of its sloping downtrend line this week. Currently forming a bullish continuation candlestick pattern.We could see higher prices soon.