Wow! What a “Never-Say-Die” attitude this market has. S&P appears ready to hit new highs, and it better for its own sake, but if it falters at or near the highs, we could see a massive run for the exits. One other thing I notice that is occurring with the S&P is that every time
Crazy few days in the market here lately and of course I have some opinions on what is taking place. I will say this, I had a wretched time trying to get out of my positions on Friday. After seeing the jobs number come in, I thought we were going much lower then the initial
The NASDAQ continues to climb in this narrowing trading range that I have to admit, is a bit troubling to me. Often times, these types of channels, lead to an eventual breakdown in the market. So then, how is this avoided? Well, the bulls need to see a breakout to new highs (yet again) because
Despite the selling that we saw today, the market is still intact and doing well. When the Nasdaq was down 30 points, I took a position in QLD to benefit off of any bounce that might occur. I made about 0.6% on the trade, which I am perfectly happy about. One of the things
Today we’ve been in the red since the market open. NASDAQ has had a few brief moments in the green, but nothing worth getting excited about. A couple of observations about today’s market analysis: we opened and traded more then 1% down at one point during the morning – now the market’s losses are less
Heading into the new week of trading the markets opened up Sunday night pretty quiet. There is a slight negative bias at this point, but nothing that should be indicative of what to expect for tomorrow’s open. I’ve updated the stock screens and the market barometer this weekend so be sure to check those out.
Nasdaq continues to set the pace for the rest of the market and stocks like Apple (AAPL) continues to set the pace for the Nasdaq. However, the Nasdaq has seems to have a narrowing trading range as it continues to climb, but at this point, I would only note it, and continue to trade
S&P is playing off of a textbook breakout – no point of jumping in front of another “Running of the Bulls” Here’s the S&P Market Analysis…
There you have it! Since March I thought this rally was a bunch of garbage, and quite honestly I still do. I think this market is making waaaay too many people believe that the worst is behind us, and it very well may be, but that doesn’t mean the market isn’t going to eventually head
The market has clearly changed its tone in the short-term, and I have gone ahead and updated the SharePlanner Market Barometer to show as much. For now the rating for the near-term is bearish, while the mid and long-term indicators still indicate a bullish market. With that said, I’ve changed also, the overall rating of