Market Analysis

The Most Bearish Engulfing Pattern I’ve Ever Seen One of the traders in the chat-room today pointed out a very unique pattern in the SPY that was unfolding, and one that I don’t remember seeing in recent memory.  Typically when a stock opens above the previous day’s high price action and closes bellow its lows

The Chart of the Day…   Quick Glance at the Market Heat Map and Industries Notables: Tech and utilities were a drag on the market. Basic Materials also stumbled.  Some bright spots in Financials. 

The Chart of the Day…   Quick Glance at the Market Heat Map and Industries Notables: That seriously could be the ‘reddest’ map that I’ve seen in a LOOOONG time.  Not  much else can be said. Everything was awful. You could get a sun burn looking at this heat map for too  long. 

The Chart of the Day…   Trades Made Today: 1. Shorted URBN at 36.32 2. Bought WLT at $39.34 3. Long AGU at $106.23 3. See my past performance as a swing-trader Quick Glance at the Market Heat Map and Industries Notables: Where have you been Apple all these days. If found its sea legs

The Chart of the Day… Like I said… a joke… not true support.  Trades Made Today: 1. Day-Traded FB for a 0.58% loss from $19.07 to $18.96 2. Shorted EXPD at $35.65. 3. See my past performance as a swing-trader Quick Glance at the Market Heat Map and Industries Notables: What was shaping up to

The Chart of the Day… Very cool chart I saw on SocialTrade today. Trades Made Today: 1. 2 Stops today 2. TTI Shorted/covered at $6.14 from $6.06 for a -1.3% loss.  3. Covered DRC at $54.70 from $52.38 for a -4.43% loss.  Quick Glance at the Market Heat Map and Industries Notables: Basic Materials, Industrials,

The Chart of the Day… Even in the most bearish of markets, bounces always occur. You have to be weary of them, and make sure, to a fault, that you aren’t increasing your bearishness into the bounce.  Trades Made Today: 1. Sold SHLD at $62.17 from $56.15 for a 10.7% gain. 2. Sold LMCA at

The Chart of the Day… Gift-wrapped trades shouldn’t be second-guessed.  Trades Made Today: 1. The short above of course. 2. Sold GWW at $215.49 from $210.00 for a 2.6% gain due to earnings coming out in the morning.  Quick Glance at the Market Heat Map and Industries Notables: About time Tech made a move higher.

The market had one of  its worst weeks in quite some time, and I have to admit, it doesn’t appear to be looking much better according to the SharePlanner Reversal Indicator, which is pointing to further downside to come in equities.  Granted there have been a high amount of reversals in recent weeks on the

Trades Made Today: 1. No new positions added today. 2. Closed out AET for a 2.6% gain at 43.22 from $42.12. Quick Glance at the Market Heat Map and Industries Notables: Take a wild guess at who wrecked the party for the bulls today.... (**COUGH**Financials**COUGH**) Tech showed a mild attempt at a rebound. Bigger names