Breakout

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

You'd have to be living in a cave to not realize that Amazon (AMZN) has been part of a most impressive rally. But following a three day pullback, the Amazon share price today sits right on a key long-term support level.  Check out the Amazon stock chart below and you'll see exactly what I am talking

My Trading Journal for the Stock Market Today: Is there anything worse than buying stocks near or at their all-time highs? Seriously, I hate it. The game has become a bit of a joke here, as the market has become the place where bad trading practices are rewarded. People are comfortable. They are content. They don't

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

My Trading Journal for the Stock Market Today: Another day, another set of new all time highs across the board for the market. It is quite impressive. You can hate this market all you want, and yes this rally is very hated, but you have to trade it for what it is. In the process though,

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I almost got into Netflix (NFLX) yesterday but he market conditions weren’t right and resistance was still keeping it down.  But today is a completely different story, and now NFLX is breaking out of resistance and beyond. Obviously getting an upgrade with a $145 price target doesn’t hurt matters, but from a technical

With the FOMC behind us, the market can breathe a sigh of relief that there wasn’t a surprise interest rate hike. But really the overall market reaction to the news was more “meh” than anything else.  With that said the Weekly SharePlanner Reversal Indicator is now hovering at extremes. If you get my morning analysis