Maybe I’m taking it a little to far, but this market is insanely boring so far this week. I’m not surprised by it being this quiet and this dull, I mean every summer is like this, unless you have a financial crisis, or some European meltdown like was seen in [...]
FOMC Tomorrow and the Markets Will Be On Edge. It isn’t likely that Jerome Powell is going to cut rates, or then maybe he will, considering Trump is thinking about demoting him. Whatever the case, the market isn’t expecting a rate cut tomorrow, and if the market does what it [...]
Stocks pulled back for two days, but trying to bounce today. The volume in the market is quite low, which has, for all of 2019, been favorable for the bulls. Yesterday’s end of day sell-off didn’t provide any kind of belief that the bears would follow through into today. And [...]
I don’t expect this dead cat bounce to last for very long. I am currently holding three long positions – one of them I am for sure going to sell before the end of the day with UPRO, and the other two being swing-trades that I expect to sell as [...]
This time last week, there was little reason to even think about shorting this market. Over the last two days though, the bears have grabbed hold of this market and wiped out over a month of gains for the bulls. Essentially it’s the stairs up/elevator down theory taking place here. [...]
I’m pretty sure the title to my post perfectly captured the sentiment of bears far and wide. It is a “why even bother shorting?” kind of market. And it has been a while since I pulled the trigger on a short setup in the Swing-Trading Splash Zone. And I don’t [...]
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. […]
