Here's the latest from the state of our market. A possible base if forming, but right now there is nothing to really act on here. I cover SPY, 58.com (WUBA), Netflix (NFLX) and E*Trade (ETFC).
Sometimes I think it is pointless to convince someone not to short stocks into earnings, when they already have it in their blood to do so. The worst thing that can happen to these traders is to have a string of winning trades related to shorting a stock ahead of their earnings. It gives them
This is a break from the usual nightly watch-list. I've put together a video about trading stocks, namely shorting stocks with the 200-day moving average in sight. Enjoy! Â
The charts on the Semiconductors simply look BAD! There is nothing redeeming about them here, and there are plenty of more earnings reports to come out on them still, including the big names like Advanced Micro Devices (AMD), Nvidia (NVDA) and Intel (INTC).Â
Last week I said we should see a bullish reversal in this market very soon. This week, the SharePlanner Reversal Indicator gave us exactly that.Â
Hard to short at this level, when the market is this overbought There are tons of short setups out there, but you really need to pick and choose your opportunities. At this point, it is more likely we get a bounce out of this market that sees prices rally for a few days, rather than
Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong in recent months, and the unemployment rate has stayed low. Recent data suggest that growth rates of household spending
The bulls are faltering big time today and the market is seeing its biggest sell-off since February 8th. I traded one short position today, and made a rare day-trade out of it for a quick 1.7% profit. Ideally, I would have liked to of held the position overnight, but the volume is weak, and I’m
I've just uploaded my latest podcast episode, "Strategies For Becoming a Better Trader". Check it out! Â
Today is a mixed day in the market, with no clear edge in either direction. The overall direction of the market remains up, but fighting a day like what today has been, so far, doesn’t make sense. There is little momentum in the market as it digests Friday’s gains.Â