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
On Monday, it looked like the market was prime for a breakout in trading Since then it has only resulted in a head fake kind of maneuver. I'm glad to be back after a short summer vacation over the last week. But when it comes to trading, there isn't much time off, so while I
The famous Darvas Box Breakout setup is back at it again. But trading Darvas’ box breakout doesn’t mean you ignore the downside risk either, because if the market breaks down and out of the box, it becomes just as legitimate of a trade setup as the breakout would be.Â
Breakout of Consolidation a Must SPX had that opportunity on Friday to really close out the month strong and breakout of that consolidation pattern that is more evident on the intraday charts than it is on the daily chart. Instead the market gave traders a gap and crap the entire day. Very little bounce and
Pulled back right before making new all-time highs It has been almost two whole months since we last established new all time highs (3/1) - which really is an eternity in today's Trump-induced market rally. Yesterday, SPX had its chance to do so, the Dow didn't even get close, and the Nasdaq had a hangover
New all time highs is the next step for the market No doubt all this talk about 15% corporate tax cuts are fueling this market run. If you have been short the last two days…my condolences. But trading is going where the market wants to take you, and not being in the backseat strapped in
Shockingly the market didn’t sell-off the bull flag in the afternoon and maintained the breakout instead That afternoon sell off has been strong of late, but the bull flag held strong on the charts and the breakout is still in play. Should you be short right now? Not according to the charts. Yes, there
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 Madness. Nonetheless, I booked some
Watch list stocks to trade Long Netflix (NFLX)