I could almost memorize my watch-list if I really wanted to. In the history of doing this website, I have never found so few short setups in my life, and to be honest, most of these are barely hanging on to this watch-list, as another day of rallying, and I’m [...]
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 [...]
A fly in the ointment. Watching today's price action, I could be wrong, but I think this market is on the verge of breaking. The Russell 2000 is sitting at some heavy weekly resistance, the FAANG stocks are taking on some heavy losses, today, and SPX tested the 61.8% retarcement [...]
In this market it always feels like keeping a short watch-list is a waste of time. But it’s not. These watch-lists I put out every week, actually create some incredible returns for traders. Now granted, in a raging bull market that seems to be putting in new all-time highs day [...]
I’m not sure how ‘click-baity’ that title was, but it felt good when I wrote it, so I just went with it. But geeze-louise, this market has completely lost track of what a sell-off is – to be honest, my memory is a bit foggy on the subject matter as [...]
I know I act like at times the bear case is dead, but there are some really good opportunities here and there. And the bear case is never dead, just greatly hampered, and in this particular case postponed. When the bull market has been raging for over ten years and [...]
I feel like I am doing this bearish watch-list just to simply stay disciplined in my approach to trading the stock market. What’s funny though, is that when I start to feel this away about maintaining a short watch-list of trade setups, that is usually the time the market pukes [...]
The bears have lost themselves and their chance to drive this market lower yet again. The market has been on a three week rally and when it couldn’t find enough momentum to push SPX to new all-time highs, it gapped above them instead on a Sunday night. Now, the market [...]
The candles from the previous two trading sessions gave bears hope. I took the bait with one short position, and I paid for it today. As always I’m using a stop-loss that has yet to be triggered just yet, but now SPX sits just below all-time highs, in fact, less [...]
It has become a regular occurrence for the stock market to fall apart at all-time highs. Once the volatility gets near that 11-13 range, and the indices are trading at their all-time highs, the market starts to feel tipsy, and the sellers swoop right in. I hate trading long over [...]
