Finance

They call this the “Week from Hell” – to me it is just another week of trading.  Sure you have the FOMC, ECB and BOJ making announcements this week, plus continued tariff threats with China, and a Kim Summit. But who cares. I am following the charts and they will continue to be my guide

Bears are certainly losing their grip on this market here, and the bulls are running in a low volume trading environment.  Target those trade setups that offer above average volume. In this kind of market where the interest is low, spotting stocks with momentum and the interest of the strength is quite easy do. 

The bulls are trying to make it a rare 2-day rally.  Or at least such an event has been non existent for the past three weeks, so any kind of consistency, even if it lasts only a few days, is welcomed. 

If you had looked at futures last night, you would have thought the bulls would have SPX up over 40 points heading into the final hour of the day, today.  But no, we are at the same place that were were at when futures opened up at. 

Last week’s update of the SharePlanner Reversal Indicator, I thought things might start getting bearish on the indicator.  That didn’t happen. 

In this video, I address a member of the Swing-Trading Spalsh Zone's question about scaling into a position and whether it is a profitable approach for swing-trading, and if risk can be effectively managed.  Check it out!

Overall the week has been a good one for the market, and it’s much needed, following its flirtation last week of a break of the 200-day moving average (SPX).  Honestly, I thought this week’s rally would have fixed a somewhat problematic trend developing in the SharePlanner Reversal Indicator, but it didn’t. Instead, the slight bend

Shooting star candle stick pattern is the theme for today's video. As always, be sure to subscribe to my YouTube channel, so that you are notified anytime there is a new video!   

Here's my video on swing-trading in the stock market, when price conditions are choppy and unpredictable.  Be sure to subscribe to my YouTube channel to get notified whenever I post a new video!

Good start to the week. The bulls are certainly trying to run this market through the 50-day moving average.  So far it is providing some resistance for the bulls, and that means we'll need to keep a close eye on things, to make sure we are ready to book gains, should another sell-off occurs again.