It is a little thinner than usual, but the bullish watch-list still has some potential plays worth keeping an eye on. Though we have seen much more selling than usual in the stock market of late, one thing is certain, the bulls keep bouncing price in the afternoon. The bulls [...]
The bulls are right on the cusp of new all-time highs on SPX But the breadth divergence is the worst I’ve seen in a very, very long time. […]
These market conditions continue to ugly themselves here. I don’t like it. Overall the NYSE Decliners holding a 16:13 edge so far today, which doesn’t bread confidence, and neither does the small caps trading 0.81% lower on the Russell. […]
The bears are trying to extend the sell-off into a third straight day. But let’s be frank, the selling is hardly anything to get concerned with at this point, there is little volume to it, and the VIX indicator is hardly moving either, as it still sits in the 12’s. [...]
Today the market is pushing lower. There’s a chance here we see a retest of the 2900 level here, which today would respresent key support from the rising trend-line that was created off of the June lows. It also represents the 20-day moving average as well. But in the very [...]
Here’s this week’s installment of my swing-trading ideas that I consider to be bearish I had one short position this morning that I had initiated yesterday. It didn’t take long before I went ahead and closed out that one. The market simply wasn’t going to have anything of it today, [...]
The bulls are dropping the ball today, following a solidly bullish week, where SPX traded higher each day. The problems lie with big tech today, which are absolutely getting slaughtered – even Amazon (AMZN) had a moment, where it came within a few bucks of its 50-day moving average. Then [...]
Going through my list of short setups, has been interesting. Usually when weeding out the good from the bad, particularly in a market where the bulls have price right at or near all-time highs, I find a lot of failed setups. And that is to be expected in a bull [...]
Swing-Trades are lacking some momentum of late. I hate seeing the market up, and having sectors like Telecom, Real Estate and Staples leading the way. The good thing though, is that Industrials is the strongest sector today, and I took it upon myself to add a name from that sector. [...]
My weekly list of short setups are setting up quite nicely. And it has been a while since I’ve seen this many bearish stocks collectively trendling lower and confirming their trade setups. […]
I haven’t seen anything with today’s sell-off that would alarm me. Certainly the likes of Amazon (AMZN), Square (SQ), and Apple (AAPL) are insanely bullish, the overall chart of SPX daily, looks quite solid, bouncing off of the 10-day moving average today and pulling back on what looks like light volume. [...]
The market right now is not conducive to the bears. Getting heavily short right now, is certainly a fool’s game. […]
