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 would work wonders for the
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 take the risk overnight 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 being on par with October
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 States and spreading like wild
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 had so many people call
I’m not touching this stock market just yet. Yeah, the bulls have managed to rally a respectable amount off the lows, 30 points as of this writing, but still a 94 point sell-off, and there have been enough of these kinds of sell-offs before, that it doesn’t take much to pull the rug on traders
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 of this post, I closed
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 like the Coronavirus! People are
Swing Trade Approach: Some seasonal factors starting to hit this market strong. Yes, this is usually a bullish time for the market at this time of the year, and we are seeing nothing short of that. With the Fed blowing the top off with repo purchases, this market is likely to buck all reason and
Swing Trade Approach: Nearly three days of extremely dull price action. I don’t have high hopes for that changing tomorrow. Essentially what you have is a market that only pushes higher on the Fed’s “Not QE4”. China trade news, for now is out of the way, and the market is simply in a holding pattern.