The bulls had everything going for them today, and what did they do? They blew it! My portfolio was seeing red all over the place, and instead, I managed to break even on the (would have much rather preferred to have finish in the green – my portfolio didn’t do overly well today in comparison to the sell-off we got.).

The candle that was formed on the charts spells nothing but bad news for the bulls, as the candle today and yesterday formed a nice bearish piercing pattern, followed by a candle today that was a doji with a long upper shadow. Not the best combinations by any means.

Made one trade today around noon, with the Dow ETF (DIA) at 100.61. I’ll post a chart in a little while.

By the way, hope you all managed to take advantage of some of those short watch-list posts I put out earlier today. The rally we got early on was a perfect opportunity to load up on a few of those listed.

You Might Like

  • Learn to trade within your means.

    Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • Avoiding traps on stock breakout plays.

    How to Trade Breakouts Without Getting Trapped

  • how to manage your swing trades when it comes to headline risk.

    Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind