The last three day has been subtly brutish for the bulls. It is nothing like what we saw back in February and March, but nonetheless, SPX has dropped 55 points over the last three trading sessions. Like I said, not much comparatively speaking to what we saw the previous two [...]
I’d say short the blasted things, but they have earnings next week and a slew of housing numbers coming out, as well. And that is simply too risky to be taking a short position on. […]
The market has had a solid seven days of upward price action. Not every day has been ideal or even bullish, but the overall picture has been. […]
Trade fears have tapered some, and the US response to the Syria chemical attack has take place, and the market is trading higher today. Honestly, if you had to pick a time for a missile strike, Friday night would have been the most preferable time for the stock market. You [...]
Look, I want us to keep pushing higher. I am positioned for the market to go higher. But the bulls are stuck in this nasty sideways trading pattern that keeps seeing hard reversals in both directions. […]
If you have traded this market at all over the last two weeks - you know two things for certain: 1. The price action is unpredictable! and 2. Volatility is Crazy! If you survived or took minimal losses during this time, you are doing quite well relative to most everyone [...]
Hard to short at this level, when the market is this overbought There are tons of short setups out there, but you really need to pick and choose your opportunities. At this point, it is more likely we get a bounce out of this market that sees prices rally for [...]
Stock Market has yet to see anyone even remotely try and buy the dip There isn’t insane volume sweeping the market today, like what we saw back in February, but the extent of this sell-off is quite extreme, especially for one day. There is plenty of news headlines hitting the [...]
Once SPX crossed 2650, I decided to start closing out my long positions. Three out of four of which were profitable. I added Boeing (BA) this morning but I had to quickly bail on that one too (my only un-profitable positions). […]
Ideally, I would have preferred to of opened lower this morning and then rallied hard off the lows. But such was not the case as the market has been rallying since the futures opened up last night. […]
So far this sell-off that has lasted six of the last seven trading sessions has been anemic at best. That stat is of course assuming that SPX finishes lower on the day, which it has been vacillating between positive and negative territory. Nonetheless, the volume today is one of the [...]
The bulls are faltering big time today and the market is seeing its biggest sell-off since February 8th. I traded one short position today, and made a rare day-trade out of it for a quick 1.7% profit. Ideally, I would have liked to of held the position overnight, but the [...]
