• Light, Low, Nonexistent Volume

    What was that yesterday? Where was the volume? That had to be one of the least interesting trading days in my entire trading career. I mean, it was horrible, miserable – and outright boring. 

    By |Published On: July 18, 2017|3 min read|

  • New All Time Highs for the Stock Market – What Matters Now?

    All time highs without a worry in this world.  It really is impressive how the market will rebound every time from even the smallest of sell-offs to hit new all-time highs, time and time again. There is a lot of risk out there – tons of it. Despite all the horrible headlines that could readily

    By |Published On: July 17, 2017|3 min read|

  • Banks Down, Market Wants Upward Follow Through on Darvas Breakout

    Out of the Darvas Box - just barely though Okay, so we have been here before. This almost-two month long box that the S&P 500 has been trading in has been broken for only the second time, yesterday. The last time it broke was on June 19th, and the following day resulted in a huge

    By |Published On: July 14, 2017|4 min read|

  • Breaking Out of the Channel

    The Dow hits new highs, S&P 500 & Nasdaq not far behind The S&P has rallied 31 points off of the Tuesday’s lows when Don Jr.’s emails hit the wire. Yeah, it actually sparked a sell-off, but like all sell-offs, it was short lived. Instead, stocks are staring down the barrel of all-time highs, and

    By |Published On: July 13, 2017|3 min read|

  • Stocks Ready to Breakout Again

    Stocks ready to bust a move despite yesterday’s freakout That was a fast, hard, sell-off that came out of nowhere yesterday and looked like it was going to really bring down the market in a big way, until the Senate announced that they were going to do their job and actually work and not take

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

  • Declining Channel Remains Intact

    The rally took stocks right up to the 20-day moving average before selling off at the close For the past couple of weeks that 20-day moving average has been an absolute pest to the S&P 500 and traders as a whole. Today it kissed the MA and then sold off hard right thereafter into the

    By |Published On: July 11, 2017|3 min read|

  • Sell-off Negated For Now

    I would have loved to of seen a greater pullback in the market And maybe we still get it right here, but Friday’s bounce was highly problematic for the bears. Simply put, they had the market, as they have had time and time again, on the ropes, with a breakdown in key support. All that

    By |Published On: July 10, 2017|4 min read|

  • Can The Stock Market Do Something With Yesterday’s Breakdown?

    Yesterday's sell off provides bears with a new opportunity At the midpoint yesterday it looked as if the market was going to enjoy another one of its intraday "V" shaped bounces that we have become accustomed to. But just as it was about to rally back to green, the market went on a massive sell-off

    By |Published On: July 7, 2017|3 min read|

  • Patience to Find the Right Trade Setups

    It was just last Thursday when the S&P 500 was on the cusp of a breakdown.  Since then, it has been up, up, up. But only 13 points to show for the 3-day rally in the stock market. And each rally has been of mixed signals, with the Nasdaq down the first two days of

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

  • More Light Volume to be Expected

    I suspect that the holiday volume will persist into the week. Anytime you have a week where there are only 3.5 trading sessions in total, you can expect that much of Wall Street will take the week off and enjoy an extended vacation. 

    By |Published On: July 5, 2017|3 min read|