Broadcom (AVGO)

Watch the trend-line on the chart of the S&P 500 A lot can change here today or this week if the rising trend-line as noted in the chart of the S&P 500 below fails to hold. You have a potential topping pattern – emphasis on “potential” – with a new all time high that was

My Trading Journal for the Stock Market Today:  I’m not talking about the speech itself, though I did think the speech was a pretty darn good one, and blew away everyone’s expectations. But I am talking about whether the Trump Rally itself can follow through into additional gains tomorrow. History says, “Sure”. I mean C’mon, the

My Trading Journal for the Stock Market Today:  When the market has a long one-day pullback that is 6 points in total, and for once in the past 13 trading sessions, the Dow Jones Industrial Average fails to rally at all, traders have to go back to their playbook and pull out the Trump Stock Rally

My Trading Journal for the Stock Market Today:  I'm pretty sure we are at that point where, "how many days can the Dow push higher", has become irrelevant. Lets just admit it, we are in the Phantom Zone at this point. We can decline 1% today is probably less likely than us running higher for another

My Trading Journal for the Stock Market Today:  Higher, higher, and higher. I mean, whats to say the Dow doesn't keep this going to infinity and beyond, to borrow from Buzz Lightyear. With seven seconds left of the trading session, the Dow pulled off a miraculous pop to push the Dow from red to green on

My Trading Journal for the Stock Market Today:  And by force, I actually mean dip buyers. They buy on the dip every single, freakin', time. It is fascinating really. Every-time there is a sell-off, the market immediately responds before the market closes the day. For the bears, they are literally being plagued with Jedi mind tricks

Technical Analysis: A dour way to end 2016 on a 3-day losing streak for the S&P 500 (SPX).   The last three times, the month of January has finished lower. It has yet to do so four straight months. But as we have seen plenty of times before, the market has no problem doing something for

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This market melt up is extremely common when a large amount of shorts are found with their hand in the cookie jar. What happens here is the market slowly bleeds out the last of short sellers from this market, and while the rally isn't as big as the initial few days of the rally, it is enough

Here’s this week’s Google Hangout.   In it I discuss the broader market – S&P 500, Russell and Nasdaq. I also cover the following stocks/etfs: USO, SLW, AAPL, MRVL, LNG, BMY, AVGO, HAL