• Expanding Price Pattern Has Price Floating Around

    Current Megaphone Price Pattern Starting to Favor Bulls The bears are letting yet another opportunity to correct this market slip through their hands. It is quite astounding really. I mean, you have a solid opportunity with last Friday's sell-off to put the bulls against the ropes, and they do, but along the way, they let

    By |Published On: June 16, 2017|2 min read|

  • Hawkish Rate Hike and the Market Starts Selling

    ‘Hawkish Rate-Hike’ Gets the market in a tizzy But lets not kid ourselves, all this talk about a ‘hawkish rate hike’, whatever that means, probably gives the bulls another opportunity to by the dip. If the bears can pull it together today, it could be a very nice for their short positions. But it is

    By |Published On: June 15, 2017|3 min read|

  • Megaphone Trading Patterns Versus Automatic Dip Buying

    Megaphone trading pattern being tested by the dip buyers Of course, you get the feint scent of a sell-off or down day of any kind in the stock market, the bulls will buy the dip as fast as they possibly can, which makes trading patterns like the megaphone, difficult to realize its full potential.  That

    By |Published On: June 14, 2017|2 min read|

  • Expanding Megaphone Candlestick Pattern Gets Bearish

    Short-term bearish megaphone pattern showing itself.  Much of it comes from the fact that Friday’s crazy doji pattern has created this megaphone pattern, but nothing happened today to change the look of it either. 

    By |Published On: June 13, 2017|2 min read|

  • Tech Bubble Bust or Buy The Dip

    Inflection point: Let tech bust here or buy the dip once again.  That is the choice the market has because what we saw on Friday with everything tech related being sold in a frenzy, made it seem like that suddenly, no one wanted to be in anything Nasdaq or tech related. Heck, did you

    By |Published On: June 12, 2017|3 min read|

  • Comey, Dodd Frank + Bristish Snap Elections

    James Comey done talking, Dodd-Frank Repealed in House, and Bristish Snap Election Surprise Only the James Comey hearing seemed to matter to the talking heads today, but key Dodd Frank regulations being repealed by the House, and Theresa May possibly being ousted after surprise gains by the Labour party crippled her majority. Futures have been busy

    By |Published On: June 9, 2017|3 min read|

  • Comey Testimony and the Stock Market

    Comey and the markets collide Ultimately, I don’t expect much from this testimony. Comey prepared with the special counsel, Robert Mueller. For one, I don’t think he wants Comey’s testimony blowing up his investigation, and much of what could hurt Trump is already out there in the remarks yesterday. Politics aside, the market is only

    By |Published On: June 8, 2017|2 min read|

  • More Sideways Price Action from the Indices Likely

    The ugly sideways price action is likely to persist I think that we are likely to see more of the same price behaviors yet again today. Yesterday’s price action started off typical, open lower, and then spend the rest of the day rallying back towards break even on the day.

    By |Published On: June 7, 2017|2 min read|

  • Market Cooling Off Some At The Highs

    Barely a sell-off yesterday, market cooling off now When you can get a 3 point sell-off these days on the S&P 500, you might want to consider it a generational buying opportunity as stocks rarely do anything but go up these days. 

    By |Published On: June 6, 2017|3 min read|

  • Market Euphoria and Market Tops

    Market Euphoria still strong, but no top yet. And that is what you have to trade right now. That doesn’t mean that with market euphoria in full blow out mode, that you shouldn’t continue to trade to the long side, because you should, but you should always be prepping yourself every day for what you’ll

    By |Published On: June 5, 2017|4 min read|