• 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? 

    By |Published On: July 17, 2018|1 min read|
  • 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 a clear surge of volume

    By |Published On: July 16, 2018|1 min read|
  • 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. 

    By |Published On: July 10, 2018|1 min read|
  • 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 market trading higher, the breadth

    By |Published On: July 9, 2018|1 min read|
  • 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 a stop-loss of course)

    By |Published On: July 2, 2018|1 min read|
  • 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. 

    By |Published On: June 26, 2018|1 min read|
  • 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 have a good risk reward

    By |Published On: June 25, 2018|1 min read|
  • 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. 

    By |Published On: June 19, 2018|1 min read|
  • 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 hands on. 

    By |Published On: June 18, 2018|1 min read|
  • 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. 

    By |Published On: June 12, 2018|1 min read|