It is tough to say, whether the bulls will string together a third consecutive week higher. They have come out of the gate flat to start the week, and unless you are trading in the financial sector, you aren’t likely to see much in the way of profits today. There’s [...]
I think the bulls are probably starting to stretch themselves a little too much here. A lot of resistance on the charts, and the bears are close to confirming an inverse head and shoulders pattern, which means that neckline will offer quite a bit of resistance going forward. [...]
The Bulls are running today, but as has been the case of late, it is rotating sectors each day. Basically whatever sectors are leading the market one day, is what will be lagging the market the following day. Technology is struggling today, after leading the market on Friday. Despite the [...]
The market gave the bulls a good scare this morning. I was stopped out of one of my positions in the Splash Zone, none of which I was pleased about. However, once it became obvious to me this market had every intention of bouncing higher, I re-entered the trade (with [...]
This is the second day in a row for me where I have not placed any new trades. The bulls are holding the 50-day moving average on SPX, but they aren’t doing much of anything else. […]
The bulls fell of their rockers today, but as has been seen many times more in the past, the dip buyers tend to come in and save the day at the last second. So obviously, that is what I am looking for here today. Getting short at the open didn’t [...]
Three days in a row now, the bears have tried to push the market lower. And three days in a row, the Dip Buyers stepped in and refused to allow them that simple, overdue courtesy. […]
The bulls for a second straight day has managed to rally from +20 points down to near break even. While the trade war jitters keeps hitting the overnight price action, once the market opens, the dip buyers are in full force, gobbling up as many securities they can get their [...]
The market is looking at another day of insignificance. The summer malaise is kicking in, and the market is kicking back and taking a siesta. […]
They call this the “Week from Hell” – to me it is just another week of trading. Sure you have the FOMC, ECB and BOJ making announcements this week, plus continued tariff threats with China, and a Kim Summit. But who cares. I am following the charts and they will [...]
Bears are certainly losing their grip on this market here, and the bulls are running in a low volume trading environment. Target those trade setups that offer above average volume. In this kind of market where the interest is low, spotting stocks with momentum and the interest of the strength [...]
The bulls are trying to make it a rare 2-day rally. Or at least such an event has been non existent for the past three weeks, so any kind of consistency, even if it lasts only a few days, is welcomed. […]
