Technician Dave Nicoski: Blue Chip Stocks Breaking Out−Bullish Outlook Going Forward

Jim welcomes back Dave Nicoski CMT, Director of Research at Vermilion Technical Research, LLC. Dave sees the market continuing to consolidate until the elections, but longer term sees the general uptrend continuing. He sees a break-out in the blue chip stocks, which he believes is very bullish for the market going forward. Dave also notes that Fed intervention has resulted in breakouts in the financial and health care sectors. Also in this segment, Ryan Puplava has his weekly Market Wrap-up, and Rob Bernard the Fixed Income Report. This week, Erik Townsend joins the first hour of the program as a regular contributor, focusing on the commodities markets.

Ryan joined PFS Group in 1995. He is Senior Trading Manager and works closely with Jim Puplava on PFS Group's Growth investment objective. He also contributes a monthly Market Observation to Financial Sense and co-authors In the Know—a weekly communication for Jim Puplava's clients only—with other members of the trading staff. 

David Nicoski, Director of Research at Vermilion Technical Research, was previously a Principal and Senior Technical Analyst in the Technical Research department at a well-known investment bank and has more than 15 years of technical research experience. At his prior employer, Mr. Nicoski's responsibilities included assisting in the production and marketing of the Firm’s technical research products.

Rob joined PFS Group in 2011 as an independent broker. With over 30 years of experience in the investment management industry, Mr. Bernard's expertise includes: Income strategies, diversification strategies, specialized high-level corporate executive strategies, particularly with SEC Rule 144-related services, long-term care insurance and variable annuities.

Erik Townsend is a Private Investor based in Hong Kong. He was a successful American technologist and entrepreneur in the 1990s technology boom, and retired from the software industry in 1998 after selling a company that he founded in 1991. After a short hiatus to pursue personal interests, he re-invented himself as a full-time private investor with a macroeconomic investing strategy.