Our system’s recommendation today is to STAY IN CASH. The previous SELL recommendation was issued on 5/16/2013, 1 day ago, when the stock price was 36.6300. Since then JCI has risen by +2.48%.
The market’s bullish enthusiasm is a fact that unfortunately was not forewarned by a bullish pattern. Our previous SELL signal didn't work out. This happens. Sometimes, candlestick patterns falter. We owe you an apology for that, but this is exactly what we have the stop loss mechanism for. The bullish stop loss of the last bearish pattern is triggered today.