Bears, man! WHERE DID YOU GO!? Actually had the S&P 500 down about about 8-9 points lower at one point today, but that ended with a sharp buying spree that took price back up to just below breakeven. There’s no one out there to really push stocks substantially higher, but [...]
Absolutely no gusto in this market at all The market tried to make new all-time highs today, but the level of interest by the bulls to push this market higher has been very lackluster today. And inherently that is the problem with getting long on this market, despite it being [...]
The bears are simply trying to show us now, how quickly it can blow golden opportunities. Yesterday’s 20 minute sell-off was impressive. For moment there, it looked like it could really, really get ugly, but it didn’t. Instead a change to the Senate schedule (favorable towards getting health care and [...]
They do suck. I mean how many times can the bears possibly blow a sell-off that is handed to them on a silver platter. Consequently, sell-offs that appear to be substantial, like the one last Thursday, has become a green light to buy the dip. […]
We all need some short setups in our lives every once in a while right? Well, the S&P 500 is breaking the 20-day moving average and looking to make a move back down towards the 50-day moving average. I’ve closed out half of my long positions and holding on to [...]
The bulls started off strong on the week, but the bears quickly faded the gap – nonetheless, there are trading opportunities out there and plenty of them at that. With this week being window dressing for the funds and considering how strong the first half of the year has been, [...]
No longer smart money, it is the fast money that is dip buying. It is impossible to get a sell-off to last more than just one day. Though today might be a bit different as far as that is concerned. […]
Similar price action to yesterday. I think there is a good chance that we see more of the same kind of sideways to slightly bearish trading action. Of course on Thursday you have the James Comey testimony, and I’ll refrain from calling it a big “nothingburger” because I refuse to [...]
Russia Week for the Stock Market + Trade Setups The bulls are not starting the week off with a bang, but then again neither are the bears. The market is trading sideways, which isn’t all that surprising, and could see that continuing into Thursday when Comey testifies. Unless James Comey [...]
Can the bears make something of this market… finally? I have been very quiet on the trading front today. I didn’t buy the dip, and so far it looks like that was the right play to make. […]
If you haven’t noticed today, the volume on Wall Street is quite weak. I suspect that will continue throughout the week. It doesn’t mean that there can’t be a significant move that is made. Trust me, headline risk can really get things going especially in low volume markets where the [...]
How many times have I wrote a post that includes the phrase “The bears blew another opportunity”? Except for a handful of occasions, over the past 8 years and more specifically, over the past year, sell-offs tend to be nothing more than a blip on the radar. You have to [...]
