Technical Discussion

The S&P is on a 13-day winning streak, everyone thinks the good times are here to stay. I was late to the bull party this year – what else is new!?! Anyways – I wanted to point out just how overbought this market has become by using the NYSI Advance/Decline reading with a stochastic overlay.

Sorry for the late night post – I promise to make it up to you tomorrow – maybe I will try for as many as 4 posts tomorrow. That is the plan anyway. Nonetheless, I wanted to give you all an update on my portfolio – which currently has Barnes & Noble (BKS) and Ugi

Now obviously there is no “fool-proof” method of timing market reversals, but one of the contributors over at the SlopeofHope.com was kind enough to show us one of the ways he tracks market changes, and quite honestly, I was a bit skeptical at first, but the more I looked at his chart, the more I was

Here is an article posted by Tim Knight from the Slope of Hope on his website. He is someone I highly respect in the trading world, and someone who I have benefited from immensely over the years. His observations about the economy in general and trading in the stock market in particular couldn’t be more eloquently stated. I

The great attempt at a new bear market has finally ceased – done – over with. My attempts to short this market were deemed futile – and in the end had nothing to show but a sea of shorts that mounted to really nothing but red in brokerage statements. The action that the market portrayed early

This bull market has not been kind to me this past week, and that’s okay. I’m trading my system that I know works, has worked in the past, and have no reason to think it won’t continue to work in the future. I added another short position today, after getting stopped out of SDS. The new

My Goodness! Bust out the Champagne, because the market finally closed down today! You know you need a little “pick-me-upper” when you get aroused by a 2 point decline in the S&P. My gosh these bulls can really wear me out. Nonetheless, it is two days in a row now of positive gains for my

Here is a favorite chart of mine called the T2108 – a proprietary chart provided to Worden Charting customers that measures the oversold/overbought conditions of the market. I wanted to give you a look at the chart going back to the market highs of October 2007. The most interesting aspect of all of this is

These past two weeks in the stock market, has not afforded me with really any swing-trade opportunities that I can take hold of either long or short. The market is way oversold, which would be foolish of me to initiate any new positions in that type of scenario, and the market’s long-term trend that was

I consider my start to this point in the new year to be a pretty good one. I'm only 50% vested and have been able to match the market's returns, which means any kind of pullback I am going to be able to add 2 or 3 new positions which I am very excited about.