Market Analysis

Trades Made Today: 1. Closed VZ today at $45.23 from $45.68 for a -1.0% loss. 2. Bought HAL today at $34.17. 3. Expect me to tighten the stop quite a bit tomorrow on SHLD after being up 8.5% Quick Glance at the Market Heat Map and Industries Notables: Tech just refuses to take its head out

The Chart of the Day… Trades Made Today: 1. Bought GWW at $210.00 2. Stopped out of PNR at $44.03 for a -2.3% loss.  3. Bought LMCA at $107.00 4. Shorted CPRT at $27.00 Kind of funny how all my entries were on whole dollars…I don’t think I’ve ever seen that happen before.  Quick Glance

This chart doesn't require me to say much here. Either we bounce, the bulls finally get interested in this market, or it's going to be a long final four weeks on the campagin trail for Obama. 

The Chart of the Day… Trades Made Today: 1. Bought Apple (AAPL) at $637.69.  2. Closed out TTM at $25.90 from $25.50 for a 1.6% gain.  3. Bought PNR at $45.06.    Quick Glance at the Market Heat Map and Industries Notables: Tech continues to be a one man wrecking crew. Materials and Finance struggled

Overall the market is comfortably inside a rising uptrend/channel on the S&P – particularly when you look at it from the weekly chart. However, even a casual observer can notice the market has not been acting in a healthy manner, and that was most noticeable on Friday when the market gave away an impressive day’s

The Chart of the Day…  Days like this suck…. but they happen and there will always be days like this… just have to fight through it as traders.  Trades Made Today: 1. Day-Traded JRCC $2.99 from $2.98 2. Stopped out of NTE (See above – once is enough) 3. Shorted DRC at $52.38 3. Maintained

The Chart of the Day… Trades Made Today: 1. Booked (covered)  position in ACTV at $11.56 from $12.17 for a 5% gain.  2. Day-Traded ATRS $4.03 from $4.00 for a 0.8% gain 3. Day-Traded BGCP 5.13 from 5.09 for a 0.8% gain (coincidence)   Quick Glance at the Market Heat Map and Industries Notables: I’d

The Chart of the Day… So… Is the Dog wagging the Tail or is the Tail wagging the Dog. Apple runs then the market run or is it the other way around.  Trades Made Today: 1. Booked profit in INVN at 11.83 for a 1.7% gain.  2. Scaled into SHLD at $56.15.   Quick Glance

I don’t do a lot of mid-day posts to highlight market behavior, but we were on a very nice uptrend on the day when we got the sudden 5 point move in the S&P without cause in just a matter of seconds/minutes. But there is a chart that we should be watching and that is

The Chart of the Day… Trades Made Today: 1. Stopped out of GFA at $4.30 2. Stopped out of GRPN at $4.68 (something with stocks beginning with the letter “G” and in the $4 range).  3. Took a long position in VZ at $45.68   Quick Glance at the Market Heat Map and Industries Notables: