Daily Analysis

Chart of the day…  Unbelievable how well I relate to this chart…. Quick Glance at the Market Heat Map and Industries Notables: Apple still one huge mess… no market correlation at all.  Metals and Financials on fire today – just what I like to see.  Utilities still struggling to find its footing.  Be sure to

Chart of the day…   Quick Glance at the Market Heat Map and Industries Notables: Financials were a mess today Some signs of life technology as in health care No flight to safety in utilities  Be sure to check out my latest swing trades and overall past performance

Bulls don’t know whhat to do! It feels like the walls are caving in, the sky is falling and the Mayans were one year early on their end of the world prrediction.  We’ve sold off as much as 30 points and there is no telling whether there is more ahead. I was stopped out of

Reversal Indicator shows price action topping out possibly in the short-term Today’s market action gave us the biggest intraday reversal that we have seen on the S&P 500 this year. At this point the reversal has seen us drop 22 points.  We got as high as 1687 at one point and like I’ve been saying

I consider today’s action and that of yesterday more along the lines of consolidation as the market is still below yesterday’s highs. We could break that level before the end of the day, but time is limited as we are now in the final hour of trading.  With every trade I make, I constantly feel

Chart of the day…     Quick Glance at the Market Heat Map and Industries Notables: Financials held in there.  Materials were strong… very strong.  Consumer Goods were horrific.    Be sure to check out my latest swing trades and overall past performance

T2108 and Market Thoughts While the market is pulling back today, I’m actually hoping it can finish lower, because God knows we need this market to take a breather here. While I continue to be bullish on this market, I also know that it can’t go straight up forever, and when we got the 0.5%

Reversal Indicator shows that we are closing in on extremes, but still room for additional growth.  The S&P 500 looks, smells and feels like an out of control market at these levels, and now folks believe 1700 is simply inevitable at this point. The thing with these bubble markets is that it is easy to

Stocks Not Rallying With This Market I’m not putting a lot of faith into this rally. While I am still long, and see no reason to flip to the short side, I am concerned that the market is over heating as evident by the advance/decline ratio showing fewer and fewer stocks going along with this

Chart of the day…     Quick Glance at the Market Heat Map and Industries Notables: Financials were amazing today.  Typical: Apple was down big time, while the market rallied hard.  Utilities finally showing some signs of life. Materials trying to recover as well.  Be sure to check out my latest swing trades and overall