Bearish Setups – Just In Case
Ugly price action across the board today. SPX is 38 points off the highs, as of this post, and continues to put in lower-lows and lower-highs on the intraday charts. […]
Get Going With This Week’s Bullish Watch-List
Today is a mixed day in the market, with no clear edge in either direction. The overall direction of the market remains up, but fighting a day like what today has been, so far, doesn’t make sense. There is little momentum in the market as it digests Friday’s gains. [...]
Bitcoin Resistance Too Much – $5,500 is Imminent
Bitcoin is going to make its way to under $6,000 very soon. I have to be honest, I’m a bit surprised with how perfectly right I have been about Bitcoin since December, which was when I really started watching the cryptocoin on a daily basis. The technical analysis on it [...]
Short Setups To Follow Should the 50-Day Continue Rejecting Price
The S&P 500 is having issues with the 50-day moving average this week, much like it did with the 20-day moving average a couple of weeks ago. Three out of the last four days have seen price rejected at this key moving average. This is a problem if it persists [...]
Bullish Setups to Jump Start a Hot Week
The bulls are off to a hot start, and you are going to need a solid watch-list to help I’ve put together a list of what I think, are the best plays heading into this week. The market is off to a hat start and these are the stocks that [...]
Short Setups Currently In Play
Stocks over the last couple of days have not looked all that healthy. As a result we are seeing intraday gains get wiped out in dramatic fashion and the while the market has bounced in a big way in the second half of the month, many of the stocks are [...]
Some Bullish Trade Setups to Watch
Looks like the S&P 500 is on track for its first negative return since March of 2017 Sure, we could rip off another monster rally tomorrow, but the odds are not favorable for finishing in the green. […]
Short Setups Should the 20-Day Moving Average Continue to Resist
The bulls are trying to bounce today, and they absolutely had to, if they were going to keep this market bounce going. However, the 20-day moving average is still providing resistance, as of this post. Should that MA clear, I think the bulls have a clear path back to the [...]
Bullish Setups Should This Market Rally Continue
Again, the dip was bought up right away this morning. There is some resistance with the Fibonacci 61.8% retracement and the underside of resistance in the short-term. However, if these two minor obstacles can be cleared, it should pave the way for a retest of new all-time highs, once again. [...]
Bitcoin Poised to Break Hearts (and Banks) Again
It looks very bearish still for Bitcoin going forward. I think there may still be some legs to bitcoin that sends it back into the $12,000 area, but eventually, the crypto-currency is going to fall all over itself (again). My last two projections have been deadly accurate, despite plenty of [...]
Short Setups To Follow This Week
No one really knows if this sell-off is, indeed, over with. The bulls can make a convincing argument that the worst is behind us, with the convincing bounce, last Friday, off of the 200-day moving average. […]
Here are Some Bounce Plays to Consider
Friday saw the bulls hold the 200-day moving average and bounce hard and fast, erasing roughly 87 points off the lows. Today it is continuing with the same, up almost 2%, the bulls are staging a very solid rally in the market. […]
