Despite horrible economic news, the market has held its recent gains. If you wondered what it looks like to climb the “Wall of Worry”, the stock market is doing exactly that right now, and doing an amazing job of it too. Because the world is staying home to fight a [...]
The market has been in need of a rally like this for a very long time. The question is whether it can actually hold such a rally into the next trading session, because it has failed, in glorious fashion, to do so since February 11th. Follow through to the upside [...]
Today was hardly a rally – yes, it will look good on the nightly news but lacked serious conviction relative to what has been seen of late. I’m not trusting this rally at all and did not participate in it one bit today. People will chase after it today and [...]
About 90% of these stocks are too oversold to short right now, but wait… The stock market is insanely oversold right now. Can it go lower? Sure, but that doesn’t mean the risk justifies the reward. Right now it doesn’t The market is at historically oversold levels. I’m talking about [...]
Is the Coronavirus priced in? Or do you sell all rips? Considering the stock market has pulled back 16% from its all-time highs in less than two weeks, one has to ask himself, “how much of this Coronavirus is now priced in?” So far it isn’t taking off in the United [...]
Shorting stocks is relevant again! I didn’t post a short watch-list last week due to the shortened holiday week, but man, I wish I would have now. This market has gone to trash incredibly fast, but personally, I don’t think people are respecting the downside to this market. I have [...]
Shorting stocks in this market feels like an impossible task. I have a few short positions right now, but tons of longs to offset them. Even so, my short positions today are doing enough to really be a real irritation to me today. In fact right now, in the middle [...]
Remember when Trump was going to put us in World War III with Iran? Or how about The Trade War would ruin the global economy? Hell, I’m old enough to remember when North Korea was going to kill us all with their nuclear arsenal. But nothing has us freaked out [...]
We’re two days into this week, and so far it’s nothing like last week. Except for the volume – while it is certainly better than Wednesday and Friday’s reading, it is nothing close to what we saw on Monday and Tuesday of last week. And I’d be lying to you [...]
Swing-trading short this market may not be done and over just yet. I closed my position in SPXU (3:1 inverse of SPX) for almost a 6% profit in the Splash Zone yesterday as well as another 2% from a QQQ short. Based on the price action overnight, I thought the [...]
Market has bounced off of the lows of last Monday and all seems to be good in the world again. However, we have a nasty mid-term elections today, and the results will be announced after the market closes and throughout the night. So the possibility for a volatile overnight trading [...]
Here’s this week’s installment of my swing-trading ideas that I consider to be bearish I had one short position this morning that I had initiated yesterday. It didn’t take long before I went ahead and closed out that one. The market simply wasn’t going to have anything of it today, [...]
