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 [...]
