As always on Mondays, I have my long watch-list for the week. Of course throughout the duration of the week, I am likely to add/subtract from it. But this is where it stands at the moment. But let me just say this, the market is on an unbelievable tear right now. Nasdaq is
I know that there is a lot of controversy behind Herbalife (HLF) and rumors that it is some kind of ponzi scheme, Carl Icahn’s position in the stock or why Bill Ackman has made his short position in the stock such a personal one. All that talk, news and made-for-tv debate is senseless and pointless
I was long Google (GOOG) from the end of June when I got long on a pullback that held key support and got in at $872.15. Yesterday I sold that position at $920.30 for a nice 5.5% gain. But why sell so soon? Look no further than the chart I posted below for a
I’m back from my brief stint with vacation. Believe it or not, it was the first time in about three and one-half years since I took my last one. It felt great camping with the family despite the non-stop rain for the entire vacation’s duration. With that said, a result of last week’s vacation is
Chart of the day…  All sorts of long standing streaks are coming to an end these days in the financial markets… I’m going to have to find something else to write about soon 🙂 Quick Glance at the Market Heat Map and Industries Notables: That is what you call a market sunburn Financials continues to
One of the most extreme intraday double tops you’ll ever see (this comes from the EUR/USD)…   Quick Glance at the Market Heat Map and Industries Notables: Technology shows a lot of heavy weakness. Banks cooled down a little bit. Consumer Goods and Utilities boucned back nicely. Be sure to check out my latest
Inverse head and shoulders pattern in Google (GOOG) might be Santa’s Christmas gift to us  Quick Glance at the Market Heat Map and Industries Notables: Technology firing on all cylinders for the first time in a loooooong time. Healthcare took off today. Materials showed moderate strength, while Finance was mixed. Be sure to check
The Chart of the Day…    Quick Glance at the Market Heat Map and Industries Notables: This specific heat-map color arrangement seems to becoming far too regular on the Evening Tape. The three industries you don’t want to see lead to the downside: Financials, Materials, and Technology all led to the downside today.Â
The Chart of the Day… Like I said… a joke… not true support. Trades Made Today: 1. Day-Traded FB for a 0.58% loss from $19.07 to $18.96 2. Shorted EXPD at $35.65. 3. See my past performance as a swing-trader Quick Glance at the Market Heat Map and Industries Notables: What was shaping up
Cramer doesn't know what to think! Cancel All Orders! My all-time favorite trading video comes into play here called "Cramer Doesn't Know What to Think, Cancel All Orders!", with the sell-off from Google's surprise earnings release (accidentally of course).  Ultimately we'll probably look back on this day and think what an opportunity it was