October was a hard market for the bulls, but their time may finally have arrived. The latest installment of the SharePlanner Reversal Indicator shows that the bulls have finally managed to trigger a bullish reversal. The previous two times this happened at extremes, the reversals were short lived and failed [...]
I know there are a lot of you bears out there dying to reshort this market, assuming it is just a dead cat bounce. And you may get that change eventually, but be patient. Don't try to force it. These bounces take time to play out. The bounce, following the [...]
The bearish reversal in June is no more. The bulls have managed to correct the ship and put together a bullish reversal of their own. With strong price action over the last three weeks, market behaviors confirms the reading on the SPRI. […]
My Swing Trading Approach I held off adding any new long positions yesterday, while continuing to increase my stops on all my trades. I am doing the same again today. The possibility of getting short exists as well, as you have renewed trade war jitters which creates a headline-risk trading [...]
My Swing Trading Approach At this stage of the game, I am weary of how much more the bulls have left in the tank before we see some kind of pullback. More than likely, I will play it safe here, and let the existing positions do the work, while tightening [...]
My Swing Trading Approach With the FOMC Statement coming out today, I will likely stay on the sidelines until it is released. Indicators […]
My Swing Trading Approach Ahead of the FOMC Statement tomorrow, I suspect the price action to be contained and lacking conviction. I may add an additional position to the portfolio today, but will only do it under strong, bullish conditions. Otherwise, it is more important to focus on raising stops [...]
