Let’s drop this market 40 points why don’t we? How about 50? Hold my beer…let’s make it over 60 SPX points to the downside! That’s the kind of numbers the S&P 500 futures market was printing overnight – in fact it looked like it was going to be a [...]
The All-Time Highs for the first time since September 2018 Honestly, I feel like this market is stuck on the Chumbawamba, I Get Knocked Down song on loop. This market simply shrugs off everything in its path. You have to wonder at what point, if this market continues marching higher [...]
The volume today is actually worse than any day last week. I thought we might see the buyers get interested or maybe the sellers – or somebody. But still the volume issues in this market continues to plague it and unable to mount a sizable rally or sell-off of any [...]
Easter and Good Friday this week provides us with only a four-day week for swing-trading. I love a good four-day week of trading. And with Good Friday the market gives us an extra day to enjoy the holiday weekend. It is especially needed after the slow start that April has [...]
It’s another low volume day with very little conviction in either direction. I got smacked around in Boeing (BA) today following its production reduction. So my week didn’t get off to the best of starts, but the loss was managed well, and should be easy to recover from. Earnings will [...]
No April Fool’s joke, the shorts are feeling the squeeze today on a low volume rally. Big move today for the market, as the bulls hit their highest price since October 10th. For most of March, the S&P 500 found itself trapped in a low volume chop, and while the [...]
Friday’s market sell-off was the shot heard around the world. It took me out of my three long positions, but all three for gains at least. However, rally attempts off the lows on Friday and then again today, has…so far… all stalled out, and I have yet to add a [...]
Some divergences starting to creep up You have sectors like Staples, Telecom and Utilities continuing to garner interest from the market, while others like Healthcare, Industrials and Discretionary have lagged of late. The bulls did manage to rally though resistance on Friday, and while off their highs today, are still holding on to the new support underneath [...]
The bulls are in full squeeze mode right now. And it isn’t looking pretty for the bears either. SPX, even the news coming from Boeing (BA) isn’t enough to keep it or the Dow down today. […]
