The bears have lost themselves and their chance to drive this market lower yet again. The market has been on a three week rally and when it couldn’t find enough momentum to push SPX to new all-time highs, it gapped above them instead on a Sunday night. Now, the market is officially back in uncharted
No surprise that this market keeps grinding higher. I mean, we have President Trump telling us every day it is going higher in his Daily Market Forecast, and the algos love him for it, triggering them into a buying frenzy each morning. The market is still stricken with low volume and at levels that should
Why am I not getting long you ask? We have literally sold off the past five times that we have gotten right up against or barely established new all-time highs. Today $SPY is showing one of its lowest volume readings probably in years. If the market is serious about some major price expansion, the volume levels would
Friday’s Swing-Trades: $PSX $AFL $NOC Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the Swing-Trading Splash Zone and start making some profits for yourself! Long: Phillips 66 (PSX)
The candles from the previous two trading sessions gave bears hope. I took the bait with one short position, and I paid for it today. As always I’m using a stop-loss that has yet to be triggered just yet, but now SPX sits just below all-time highs, in fact, less than 1%, and if recent
Extreme light volume prevails once again on Wall Street No holiday, no half day of trading, just a very, very boring and uneventful day. With the big trade news having come and gone, and really not leaving traders with much to go on, there seems to be an indifference with this market today. I am
Thursday’s Swing-Trades: $CPRT $RTN $UNP Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the Swing-Trading Splash Zone and start making some profits for yourself! Long: Copart (CPRT)
Tuesday’s Swing-Trades: $BX $GWW $RMD Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the Swing-Trading Splash Zone and start making some profits for yourself! Long: Blackstone Group (BX)
Light volume prevails on Wall Street during Rosh Hashanah While Rosh Hashanah ends tomorrow, you can expect the volume today and tomorrow to be rather light. I’ve closed out my sole short position and added a long position to the portfolio and plan on staying put from here on, until the rest of the day.
Monday’s Swing-Trades: $PYPL $XRAY $SBUX Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the Swing-Trading Splash Zone and start making some profits for yourself! Long: PayPal Holdings (PYPL)