There are some pretty glaring divergences in this market right now (sound familiar?) I thought it would be interesting to show the difference in the charts right now between Apple, (AAPL) which is hitting new all-time highs and breaking out of consolidation today: […]
I was burned on a trade today. I hedged my long positions with a short position because the market started to break down. Within minutes of this happening, the market went on a ridiculous tear to the upside to finish the day in the green. It didn't take long for [...]
I’d say short the blasted things, but they have earnings next week and a slew of housing numbers coming out, as well. And that is simply too risky to be taking a short position on. […]
There is a lot of weakness in the financial sector right now. […]
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 [...]
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 [...]
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 [...]
The market refuses to sell-off hard and avoid even a short-term breakdown. Even today, yes you have some downward pressures but all that it has really been good at doing is selling off the market’s afternoon gains of late. SPX is down 3 out of the last 5 trading sessions. [...]
Today’s stock watch list Long American Airlines (AAL) […]
Watch list stocks to trade The futures are rocking tonight. Le Pen and that left wing nut didn’t take first and second, so the futures are liking the notion a centrist is likely to win the second round (Macron), as if this is some kind of bracketology, a la March [...]
Watch list stocks to trade Long Netflix (NFLX) […]
Watch list stocks to trade Long Weyerhaeuser (WY) […]
