Trade Setups

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 lowest readings of 2018. There

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 volume is weak, and I’m

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. 

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 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 has been superbly accurate, and

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 throughout this week. But while

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 you will be wanting to

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 not keeping up with it. 

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. 

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 highs gain. The price action