Traditionally this is a bullish week for stocks. But this is also one of the slowest weeks in terms of volume for stocks as most of Wall Street get in their fancy cars and head off to the Hamptons for the week. Very rarely do you see volatility enter this market though I have seen
The bulls are riding the fence here and attempting to come off of it today. The past week the market has been forming those indecisive doji candles, but never once did it close below the 5-day moving average. Had SPX been able to push below 2030, I might have started one short position as
It’s a new week, but indecision by the market seems to be prevailing. Despite the stocks still remaining at or near its all-time highs, I am still concerned that stock prices may start eroding well before the indices start to show that weakness. We saw that happen in September where prices were falling apart, particularly
So far the markets are giving back just a smidgen today. But that definitely isn’t enough to justify getting short on this market. In fact, I see very little reason to even trim long exposure until, at the very least, the 5-day moving average is breached on SPX. With that said below is the
This is the list to follow for your fix of trade setups. The market is still cruising right along, of course, not with the same vigor that was seen in the second half of October, but in a more steady fashion. The huge rally that we saw in October was because of the massive sell-off that proceeded
Here’s the bearish watch-list for the week. Play with these setups at your own peril. The market has rallied 200 points off of the 10/15 lows and doesn’t look ready to give up a lot of gains going into the most bullish months of the trading year. However, as we have all learned from trading
There’s no doubt that we are back to the bullish way of doing things in this market and when going through my scans over the weekend, it was amazing to me how many stocks were setting up – more than anything that I have seen in the last four months. We are now heading into
Jump start your November by signing up for a Free 7-Day Trial to the SharePlanner Splash Zone where you will be given access to the member chat room as well as receive all my swing-trade alerts via email and text (international too). Not to mention, you can also auto-trade all my trades. If you’d like to see just
That’s all there is on the short-list! Considering where we were just a few weeks ago, it is astounding how the hundreds of short setups I was looking at late last week have been utterly destroyed and those that remain, while still bearish could flip to the side of the bulls too. More so today
The market is on a tear and we are also coming up on the two most favorable months for traders with November and December right around the corner. And it is Monday so that means it is time to whip out another bullish list of trade setups for the week. At this point the market