It is always a bullish market when new all-time highs are being printed day after day. And that is what we have right now with the stock market. However, if you missed the majority of this move that started back on August 16th, don't get all panicky and start buying [...]
I’m not even sure I understand the title of the article, but hey, I provide you with a bearish watch-list you can trade from every week, but just because I provide you with one, doesn’t mean you should be making use of it. Right now is one of those times. [...]
The bulls are barely holding on to a small edge in the indices today and overall the breadth is solid and the market looks like it could add more to its gains as the day progresses. The all-time highs remains in reach, but not likely an objective for today. [...]
The bounce is happening today, as I had a sneaky suspicion of yesterday, when I closed out my SPXU trade for a quick 1.8% profit. It doesn’t sound like much, but hey, I don’t write the checks – the market does, and if that is the most it wants to [...]
Oh I know, we are right below those new all-time highs on SPX – how could this market be faltering? Take out Apple (AAPL), Netflix (NFLX), Alphabet Google (GOOGL) and Amazon (AMZN) and where do you think this market stands? Much lower. […]
Yes, the Boy Scout in me, still has me compiling a list of them. Actually though, the list has been on fire, and I've even removed a number of them, simply because they have sold off so much since being on there, the idea of getting short them at this [...]
People – support and resistance – that’s what matters most in this market. The bulls have plenty of support underneath them, particularly with the 2801 level, and they have very little resistance above them. The one spot being, at this point, the all-time highs established in January. […]
Look, I’m not going to ‘poo-poo’ on this market rally today, but let’s face it: Apple (AAPL) reports after the bell today, and we know that earnings in the technology sector haven’t been the best. Sure Amazon (AMZN) had a momentary pop and Alphabet Google (GOOGL) soared, but then you have the [...]
I didn’t place any trades on Friday, and I have yet to make any trades today. In fact, the way the market is trending today, I don’t expect there to be any trades today either. […]
If you are a bull today, then today frankly sucks. The trading sucks too. I came into today, wanting to add some more long exposure, and even do so aggressively. I ended up only adding one new position to the portfolio, and even that one I regret. Not because I [...]
All systems are a “GO” for swing-trading this week. That is, as long as 2801 holds on SPX, because that is a key level of support that, if breached and closed below, will send the market back into a non-committed area on the charts, where price tends to languish, or [...]
You’re Seeing SPX today, smash through the 2801 barrier representing the March highs, that previously acted as heavy resistance. And you want to short the market now? […]
