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 [...]
This is the second day in a row for me where I have not placed any new trades. The bulls are holding the 50-day moving average on SPX, but they aren’t doing much of anything else. […]
The market is looking at another day of insignificance. The summer malaise is kicking in, and the market is kicking back and taking a siesta. […]
The market is recovering nicely today. I was forced out of my one lone short position I carried over from yesterday. […]
Look, I want us to keep pushing higher. I am positioned for the market to go higher. But the bulls are stuck in this nasty sideways trading pattern that keeps seeing hard reversals in both directions. […]
While I dipped my toes to the short side during the month of March, I didn’t nearly capitalize as much as I could have that month. That is because of this T2108 chart, which measures the percentage of stocks trading above their 40-day moving average. […]
Here’s the updated list of short setups I am following. It’s a pretty good list and most of them have fared pretty well of late. […]
I was very satisfied with how profitable the month of August was for traders in the Splash Zone. The month was a very difficult one for traders in general, with its ups and downs, but here in the Splash Zone it was marvelous. We managed to take advantage of a [...]
Risk On Attitude has Created a No-Fear Market Trading Atmosphere Intraday sell-offs aren’t even being taken serious by traders any more. Before the market can drop five points on SPX, mentions of BTFD and “Buy the ‘you-know-what’ dip” begins to permeate throughout financial social media. You want to know why [...]
