Its amazing the difference a day can make for the market – The motivating factor to this market rally isn’t so much that the dynamics of the market has changed but that the market is squeezing the shorts one by one. Now if the same thing happens tomorrow where we open up strong – I
War talk is cranking up despite it being in the hands of congress to decide. I’m staunchly against the intervention in Syria – not because it is helpful to stocks, but because our country is in no shape to fight another war, to sacrifice more of its own, and to make an issue as
Nasty day in the market – much of it happening in the overnight trading. With that said, I’ve updated my weekly bearish watch-list for you to capitalize on. From the list below, my favorites are: Arena Pharmaceuticals (ARNA) which is trading below $7 and underneath year-long support at the same price level, and despite
It is probably going to be one of the lowest volume weeks of the year with folks taking their last vacation of the summer and with Labor day this upcoming weekend, those Hampton folks might just decide to bask in the sun just a little while longer. But your fearless trader here, is still at
The question whether we will bounce or not is not the issue. The big question is whether it will just be a dead cat bounce. Surprisingly, this market has had its share of dead cat bounces in 2013. They tend to last anywhere from two to four days in length. So right now is not
The question whether we will bounce or not is not the issue. The big question is whether it will just be a dead cat bounce. Surprisingly, this market has had its share of dead cat bounces in 2013. They tend to last anywhere from two to four days in length. So right now is not
Today’s market is one that has the bears scared to short out of fear of the dead cat bounce, and the bulls afraid to buy the dip due to us slciing through that 50-day moving average. As a result, we’ve got a stalemate in this market. Eventually that won’t be the case but for now
Today’s market is one that has the bears scared to short out of fear of the dead cat bounce, and the bulls afraid to buy the dip due to us slciing through that 50-day moving average. As a result, we’ve got a stalemate in this market. Eventually that won’t be the case but for now
Seriously, keeping up and maintaining a watch-list focused on short-able stocks is really becoming more of an academic exercise then one that can be actually put into practice. For the past nine, count them nine market sessions, the bears have had ever opportunity to drive the market lower and they have really failed to
Seriously, keeping up and maintaining a watch-list focused on short-able stocks is really becoming more of an academic exercise then one that can be actually put into practice. For the past nine, count them nine market sessions, the bears have had ever opportunity to drive the market lower and they have really failed to