• The bulls are trying to bounce today, and they absolutely had to, if they were going to keep this market bounce going.  However, the 20-day moving average is still providing resistance, as of this post.  Should that MA clear, I think the bulls have a clear path back to the highs gain. The price action

    By |Published On: February 21, 2018|1 min read|
  • Again, the dip was bought up right away this morning.  There is some resistance with the Fibonacci 61.8% retracement and the underside of resistance in the short-term. However, if these two minor obstacles can be cleared, it should pave the way for a retest of new all-time highs, once again. 

    By |Published On: February 20, 2018|1 min read|
  • It looks very bearish still for Bitcoin going forward.  I think there may still be some legs to bitcoin that sends it back into the $12,000 area, but eventually, the crypto-currency is going to fall all over itself (again). My last two projections have been deadly accurate, despite plenty of people mocking me along the

    By |Published On: February 15, 2018|1 min read|
  • No one really knows if this sell-off is, indeed, over with.  The bulls can make a convincing argument that the worst is behind us, with the convincing bounce, last Friday, off of the 200-day moving average. 

    By |Published On: February 13, 2018|1 min read|
  • Friday saw the bulls hold the 200-day moving average and bounce hard and fast, erasing roughly 87 points off the lows. Today it is continuing with the same, up almost 2%, the bulls are staging a very solid rally in the market. 

    By |Published On: February 12, 2018|1 min read|
  • We’ve entered that phase in the market bounce, where everyone is wondering whether this is a “Dead-Cat Bounce” or not.  My experience with market bounces following a huge sell-off, is that they usually last 3-4 days, enough to where people feel comfortable with the notion that the worst is behind them, only then to have

    By |Published On: February 7, 2018|1 min read|
  • What a horrific week it has been for the bulls. Every time you think the market is going to bounce it doesn't. Today however, there has been some solid price action for the bulls in that they recovered 1200 points off the overnight lows on the Dow, and currently sit at break even. We are

    By |Published On: February 6, 2018|1 min read|
  • Profit taking finally hitting the market, after a huge run up.  The last two days have been brutal for the bulls, with the Volatility Index (VIX) hitting its highest level since August 17th. That’s five months to be exact. 

    By |Published On: January 30, 2018|1 min read|
  • January has been amazing month for trading in the stock market.  So far we have yet to see the market crack. Each dip continues to get bought back up with undeniable ferocity. 

    By |Published On: January 29, 2018|1 min read|
  • I haven’t pulled away from my thesis that Bitcoin (BTC.X) is likely heading lower in the short-to-intermediate time frame.  There is so much emotion in the crypto-currencies and largely that is because many, if not most, of the traders in it, have never traded anything else before, and they are seeing this as a “money-making

    By |Published On: January 25, 2018|1 min read|