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 market.Â
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. Below, I’ve put together my
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.Â
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.Â
The market right now is not conducive to the bears. Getting heavily short right now, is certainly a fool’s game.Â
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 everything in sight, because that
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. Heck, I don’t even
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.Â
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 give us for the moment,
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.Â