A dip in a stock is not necessarily the end of a stock, unless the dip buyers fail to jump in. Now that is what I call the motto of this stock market, stocks, and every instrument of trading that has been on a continuous upstream for the entire year of 2013. I’ve provided here
Two ideal trade setups We are pulling back off of the highs of the day, and for good reason… none of the stocks are going up with this market. So there really isn’t anything to hold the market up today, unless individual stocks can find some motivation today. And we are going to need to
My swing-trading watch-list for trading long I’ve already added two stocks to my portfolio from the watch-list below, and before this day is done and over with, I’m quite confident that I will add a third position as well. I would really like to see this market finish lower on the day, though I
My current long watch-list Here’s my long watch-list that I am working off of for adding additional positions to the portfolio. Careful with some of them, as they are fairly over-extended and as a result I am waiting for a pullback in those stocks. Other stocks are ripe for the picking includes Johnson Controls
After seeing the light volume out of the markets on Friday’s sell-off, I didn’t think it would take too long before we would be testing all time highs again. Right now we are three points below all-time intraday highs, and I suspect we’ll test that level before the day’s end, perhaps we might even see
Swing Trading List for Shorting Stocks Some people might worry today about the market selling off just a small bit (6 points on the SPX so far today), particularly when you couple it with what we have seen out of the GDP report that came out this morning. Frankly, I am not concerning myself
Market Thoughts This will be a quick post. I’m glad to see the market showing a little bit of gusto today, but the SPX is still struggling to break above 1355 – it just isn’t happening at the moment. I have guarded optimism about this bounce today. It isn’t much, but I guess it
The market is bouncing hard with authority today. I’m liking but what I am seeing from the bulls. These so-called dead-cat bounces have managed to be much more than what they have been historically known for. When we have gotten these 90% down days from the market like we got yesterday, the bears simply cannot
Give this market some credit, it is showing a huge sense of urgency and willingness to move higher here in the coming days. Unless we get an end of day sell-off, we are getting just what the bulls needed to see in order to inspire confidence in the traders. Of my current watch-list below,
Trading opportunities to keep in the back pocket My bias in this market is still to the upside, and now that we got a bit of a pullback on Friday, there should be some more room overhead for the market to run and also buy some stocks that are off of their highs. With that