• 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|

  • Markets Today Look for a Bounce Follow Through

    Solid bounce yesterday, but can the markets today follow through? For many years now, when we see the dead cat bounce come about, stocks overall will look to continue the bounce for several days going forward. For the markets today, will that ring true yet again? The futures are slightly down, but that has

    By |Published On: March 29, 2017|3 min read|

  • DJIA Today: Healthiest of all the Indices

    My Trading Journal for the DJIA Today:  Nasdaq still doesn't look so bad, Russell index does look pretty rough, the S&P 500 is giving up all of Wednesday's market rally, but the DJIA today managed to hold that 10-day moving average with a three day pullback that was quite shallow in nature. If it holds tomorrow,

    By |Published On: March 7, 2017|2 min read|