Coupled with an overbought market, historically the worst month for stocks (September), and an economy that is still mired in a recession, what you have is the recipe for a nasty pullback after one of the best 6 month rallies in market history. With that said, the bulls have by no means thrown in the
Unbelievable! While the market is slow and boring, it is nonetheless interesting to watch these ditzy bulls do everything they can to finish one tick in the green – as if that really means anything in the grand scheme of things. The last three days the bulls have clearly been running out of steam and
Jitters are swirling on Wall-Street, and the Bad-News Bears seem to be doing everything they can to cast a shadow of doubt on this market. Over the last two days, the market has responded well to the major sell-off that we saw on Monday. However, the volume has been extremely low on both the DOW
Today was the type of day in the market, that could give you whiplash for sure. There was a lot of strength in the pre-market, followed by a significant sell-off after jobless claims rose, then there was an end of day rally that allowed for the markets to finish solidly in the green today. But
As the old saying goes, “It’s better to be lucky than Good” at times. That’s what I’ll go with on my latest swing trade in JRCC. In fact I didn’t even realize I had made the trade until I received my trade confirmation from ThinkorSwim. Though I don’t plan on making this type of
You’ve probably heard of the famous axioms, “What Goes Up Must Come Down” or “Bigger They Are, The Harder They Fall”, which these two sayings also have a direct correlation to how markets tend to act in periods of rallies and declines. Now I’m not saying that we are on the verge of a massive
The market is once again starting to show signs of cooling, which isn’t all that surprising considering that if it stayed on its current trend you would probably see the market double or triple by year’s end, so it should come at no surprise that this market is starting to see some profit-taking going on.
I have to admit that this has to be one of the most impressive climbs that I have ever seen out of the market in such a short period of time – in fact it defies logic, honestly. Nonetheless, it is important to remember that bearish news is largely ignored during a bull market and
Initially I wanted a position in TNH or a similar high dividend equity since at the time the markets where teetering between the possibility of breaking out, and rallying significantly, or breaking down, and selling off as part of a moderate correction. Either way, I wanted a position that would allow me to participate in
It’s earnings season and you never know what you are going to. INTC saved the market today with well-received second quarter earnings report. As a result the NASDAQ rallied 3.5% and the S&P took 3%. There was a nasty gap up, which I believe will eventually be filled. In fact, had that gap up