Today is really about the market holding on to yesterday’s Labor Day Sell-Off Yes, I realize the stock market was closed yesterday, but that doesn’t mean the futures were, which more often than not, will usually trade a half a day, at least, when the stock market is closed. Yesterday [...]
I was split between equal longs and equal shorts coming into today. However, I was wanting more downside, because that is where the easy money would be if this market could ever just give us a solid pullback.This consolidation over the past three weeks, and even more so, the constant [...]
Amazing how fast the market can turn things around isn’t it? I mean think about it, it was just Thursday afternoon where SPX started breaking down, bonds rallying through the roof and the fear was running deep from the previous days +80 point sell-off on SPX. Then, with out warning, [...]
Monday’s are for the sellers. Once again, for a third straight Monday, we are seeing the bears take control of the stock market and push it lower. Last Monday was horrific for most traders, and today is shaping up to not be as bad, but still pretty bad overall. [...]
Happy Monday and -100 SPX handles to you! Holy cow, I know we opened up over forty points to the downside, but seriously, another 60 points lower is going to be a tough pill to swallow for a lot of investors. I’ll admit, I wish I still had my inverse [...]
This week has not gotten off to the best of starts. After having closed out my three previous trades for profits, Shopify (SHOP) got the best of me, hitting my stop-loss in the very early going and leaving me with just one position in the portfolio. Technology stocks are getting killed today, [...]
Last week’s selling could create some dip-buying opportunities this week. As is the case on every Monday, I have put together a list of long setups to watch for the week ahead. A number of them are providing some solid pullback opportunities worth watching – such as Advanced Micro Devices [...]
Seriously, this market is pure boredom. But just because the market is that way, doesn’t mean that it has to be that way for us. I’ve got Twitter (TWTR) and Nike (NKE) continuting to pile on the gains among my other trades. […]
A miserable start for the market so far this week, but the dips in 2019 have only led to future buying. Today’s pullback coupled with Friday’s minor sell-off, feels similar to the four day pullback back on June 21st through the 26th of last month. If that is the case, [...]
A lot of people are calling for a market top with yesterday’s big move. They are doing that because when SPX made new all-time highs in May and then again in June, we immediately faded and dropped rather hard. So the same is being expected here, but rarely is the [...]
It's that time of year where us Americans get to flex our muscles some...okay a lot. And by flex, I mean run to the local firework store, get a ton of illegal fireworks, sign wavers that they are to scare off the birds only, and hope to God, you don't [...]
Bulls still in control…still at all-time highs. My apologies for the lack of content today. I have had a new computer setup installed for the office, and that didn’t go as smooth as planned. Good thing is, I am back up and operational, and should be pushing out content once [...]
