What???? We are rallying hard on news of Greece getting bailed out by Germany? The fate of the United States and direction of this market all hinges on Greece??? Are you Serious???? OF COURSE NOT!!! Why the market felt it was so necessary to rally on this piece of news is beyond me. And if
Two days in a row now the market has moved upward but can it hold? To read more on that, check out the article I posted last night on my trading strategy going forward. Unless things drastically change, I am pretty confident about my approach. For today, it should be much more quiet than it has in
One of the dumbest things that a trader can do is try to predict earnings, economic reports, or the Fed. It is total lunacy! Honestly, it is that home-run, “Make-Me-Rich”, something-for-nothing, greedy-for-gain, lazy attitude that causes so many to try to play this nonsensical game. One of the biggest temptations is for the clock to
After a day of pretty hefty gains and months of racing back to the 10k mark on the DOW, the market may be looking to cool down some. Futures are currently trading flat with the Dow up 2 points, the NASDAQ down 1.5 and the S&P unchanged. Overnight Asian markets responded well to the US
Objective: The stocks listed below are considered to be overvalued mid and large-cap companies that are under heavy selling pressure. They have recently experienced a technical break down, which looks to result in a possible downward move. To say the least, these stocks at one time roamed much greener pastures. Ideal Market Conditions: Beginning of
Objective: Stocks that have established trends in place, and also have the technical and fundamental requirements to support its current trend. The companies listed below are mid and large-cap stocks. Ideal Market Conditions: Best types of markets are bull markets or markets trading sideways. Depending on the strength of the trend, certain stocks may be
Objective: Large-Cap companies that are cheap in valuation compared to their earnings. The companies listed below have been providing shareholders with dependable earnings growth, and a solid track record of achievement. These stocks are historically less volatile, and while you are unlikely to double your money in these companies in the short term, they should
Objective: This screen seeks to find those stocks that are beginning to show signs of accumulation from the institutions, and could be primed for a breakout. These stocks have strong fundamentals backed up by a healthy balance sheet that would support a rapid or sudden increase in the value of the share price. They have
I’m not going to write much aboutmy trade in Google (GOOG) today, because you can hear all about it in the video podcast below. But it goes without saying thatit produced some very nice gains – $522 in profits after commissions and SEC fees. That is right we don’t play any games – I
With the market gapping down over 500 points in the Dow, and limits placed in the premarket on selling in the S&P, this is shaping up to be one ugly day. With that said, when the market looks like it is on the brink of catastrophe, is when it most often makes a descent rally