A two-day pullback has become a generational buying opportunity for this market. You can’t get any more than that without a rip-your-face-off rally thereafter. The dip buyers, the algorithms, the Robinhood Bro’s – the only thing they know to do is to buy the dip. No volume, no problem, they [...]
Conditions are looking bad beneath the surface. This market is rallying right now, mainly because of five stocks. Six if you want to throw Netflix (NFLX) in there too. These stocks have a huge sway on the overall market: Amazon (AMZN), Facebook (FB), Alphabet (GOOGL), Apple (AAPL) and Microsoft (MSFT). [...]
The breadth on this market is absolutely putrid. But that is the kind of lunacy we have seen in this market of late. Every index is trading higher, yet the bears still hold a 3:2 edge on declining issues over advancing ones. $VIX has tumbled off of its highs, because [...]
The bulls are right on the cusp of new all-time highs on SPX But the breadth divergence is the worst I’ve seen in a very, very long time. […]
These market conditions continue to ugly themselves here. I don’t like it. Overall the NYSE Decliners holding a 16:13 edge so far today, which doesn’t bread confidence, and neither does the small caps trading 0.81% lower on the Russell. […]
My Swing Trading Approach I want to add more long exposure here to the portfolio if the market will allow for it, while increasing the stop-losses on existing positions. A number of stocks have been down post earnings, and they are creating plenty of decent long setups to play. Indicators [...]
My Swing Trading Approach Should the market pullback today, I will look to spot any of the stocks that are providing a solid dip buying opportunity. Should the market continue higher, I’ll look to add 1-2 new momentum plays to the portfolio. The 2801 price level remains key going forward. [...]
My Swing Trading Approach I’m not against adding new positions to the portfolio, but right now, the risk is not in the bulls favor. A near-term pullback at some point is likely, which will create better entry prices. Keep moving up those stops! Indicators […]
I’ve really been impressed by the start that we have seen here in 2018. Really an amazing start, and the best opening week that I can remember having to a new year, in a very, very long time. In fact it is the best opening week for the stock market [...]
Stocks are back at all time high – or at least all the major indices are. Just today alone: S&P 500 (SPX): New all-time highs Nasdaq (COMPQ): Crushing New all-time highs Dow Jones Industrial Average (DJIA): Right at New all-time highs Russell 2000 (RUT): Bull flag at the all-time highs [...]
My Swing Trading Approach If today’s bounce holds, I will look to add 2-3 new positions to the portfolio. Indicators […]
My Swing Trading Approach Last few days the market breadth has been extremely poor. That has me concerned and will likely limit how much more long exposure I add to the portfolio today. Indicators […]
