• I Reduced My Long Exposure Some Yesterday

    Yesterday’s rally didn’t quite seem there was a great deal of conviction behind it. Perhaps with the Fed set to release its FOMC Statement today, we’ll get the market to provide us with a decent size move. Over the past four trading sessions, the market has been rather quiet. 

    By |Published On: July 26, 2017|3 min read|

  • The Pullback That Never Was

    3 days of selling of less than one point per day That is what SPX has averaged over the course of the last three days when it finished lower each day - less than one measily point. For the bears that has to be infuriating.  I don't blame them - I would be too, if

    By |Published On: July 25, 2017|3 min read|

  • The End of a Long Streak for the Nasdaq

    I'm not a big fan of streaks when it comes to stocks I mean it is nice while it lasts, but like any financial instrument that is rallying, eventually there needs to be a pullback and on Friday you got one with a whopping 0.04% pullback on the Nasdaq.  How amazing, right?  That is the

    By |Published On: July 24, 2017|3 min read|

  • Consolidation Here Not a Bad Idea

    When the Nasdaq is up 10 straight days – a little consolidation never hurt anyone.  While it is much more common to see the Nasdaq have these kinds of runs than the S&P 500, it still needs to cool off here. What’s amazing about the run is that it comes right after the Nasdaq

    By |Published On: July 21, 2017|3 min read|

  • Sideways Trading Leans Bullish

    S&P 500 remains stuck in a 5-day sideways trading range While the S&P 500 (SPX) can’t get out of this 5-day range it has been stuck in, the Nasdaq is still rocking higher. There is very little reason to not be riding the stocks in this index as your primary focus. The majority

    By |Published On: May 2, 2017|3 min read|

  • Breakout of Consolidation Highs

    Breakout of Consolidation a Must SPX had that opportunity on Friday to really close out the month strong and breakout of that consolidation pattern that is more evident on the intraday charts than it is on the daily chart. Instead the market gave traders a gap and crap the entire day. Very little bounce and

    By |Published On: May 1, 2017|2 min read|

  • Nasdaq Rally Like Its 1999

    Nasdaq Rally + Euphoria Knows No Bounds Nasdaq is blowing the roof off this joint and I wish that when you clicked on this post to read, that I could have had Prince singing his infamous "1999" song. It would have been a nice touch and really brought the point home that I'm trying to

    By |Published On: April 28, 2017|3 min read|

  • Now Some Bearish Trade Setups to Watch

    Take a look at these bearish trade setups Maybe the market will finally correct. Who knows!?! The resiliency of the market is a thing to behold. Honestly though, it just takes $10 trillion of endless QE worldwide and you can prop anything up.  Nonetheless, the charts look bearish, the S&P 500 acts like it wants

    By |Published On: April 4, 2017|1 min read|

  • Bullish Trade Setups to Watch

    Here is wher you can find yourself a bullish trade setup The market has traded lower for most of the day, but after a hard sell-off early on, it is attempting to stage its own recovery. If that happens, you have a whole list of bullish trade setups below that you can trade off of.

    By |Published On: April 3, 2017|1 min read|

  • We Got a Nasdaq Close at New All Time Highs

    The Nasdaq Close was based on closing price not intraday all-time highs. That close for the Nasdaq is a good thing for the bulls and the rest of the market, because the Nasdaq has been leading the way for the past few months. And by hitting new closing highs, it increases the odds that the

    By |Published On: March 30, 2017|1 min read|