Broadcom (AVGO)

Watch resistance at the 50 day moving average It had been acting as support prior to its break last week, but now the 50 day moving average has firmly converted itself into resistance overhead. Following the break last Tuesday, it has gotten close to pushing back above the 50 day moving average but each time

Bull flag chart pattern now in play on SPX SPX is forming a nice bull flag pattern. It doesn't feel that way, because nearly every day the market opens, it sells off. If it finishes higher on the day, it is well off the highs of the day.  But back to the bull flag pattern,

Bear trap in the form of a dead cat bounce Yesterday proved that trying to play the short side of this market so far this month and not aggressively taking gains along the way was a futile approach. With just yesterday's dead cat bounce, the market managed to wipe out a majority of the losses

Absence of Nuclear Armageddon leads to a possible bear trap Futures are spiking higher this morning. And for good reason – the world isn’t engulfed in Nuclear War. North Korea tried to launch a test rocket, but that rocket blew up in its face before it could even get off the launch pad. Good for

Price support holding on, moving averages are not On the surface, it wasn’t a huge sell-off for the stock market. Far from it. SPX finished about 0.33% lower on the day, which seems like a walk in the park at first glance.  But under the surface, things were far worse.  The breadth was far

My trading notes on this market To say that I have enjoyed this week of trading so far, or even this month for that matter would be an overstatement of the grossest of proportions (somewhere an English major is probably having fits with that sentence). The market has hardly moved, and when it has, it

The stock price range continues to narrow across the board This market can’t move. Little faith can be put into a gap up, because with stock’s narrowing price range, you know that the market has to fade every opening move whether it be to the upside or downside.  In the midst of all of this,

Stock Market Analysis: The world survived the weekend If the world was able to get through the weekend without any major conflicts, or the Fed further weighing in on how overpriced stocks were, the market would probably be in good shape right? Well, so far that seems to be true. Futures are relatively flat, with

Missile Strikes, Employment and the Stock Market Yesterday SPX bounced off of that 50-day moving average but overnight you had some pretty intense news coming out of Washington that they launched missiles into Syria. You can find the details everywhere about the strike, but how that affects the market is that initially the market traded

Fed offers up a stock market beatdown I don’t get all the annoyed by the stock market all that much. Sure it can do things that will make you scratch your head, but yesterday’s manufactured afternoon sell off coming from the Fed proclaiming that stock prices were a bit too high, was not something I