The stock market market is heading for a three-day weekend, with Labor Day quickly approaching. Considering what we have seen so far in the month of August, no one is going to argue with the extra time off. However, the market is quickly fading today, and looks to be giving its best shot at ending
This three day rally the market has been on has been good, but it may not last. Let’s face it, any sell-off will have a 3-day rally in it, so the fact that SPX traded higher the three previous trading sessions doesn’t mean much to be completely honest. Yeah, I think it is a solid
And just like that, the trade war was won again. Another day, another headline. The Bulls struck back at the market open with a massive surge higher following favorable trade war headlines. I could get in the details of it here, but honestly you’ve probably already read about it somewhere else, and more than likely
Volume has returned and the Trade War with China has made shorting stocks great again! Sure get excited about the dip buying today, but under the surface this market rally is anything but impressive. Breadth is okay, but with the walloping the market took yesterday, if this was a bottom for the market, we should
One of the dullest summer months you’ll ever see. First few days of July were okay, heck there, was even a four day stretch in the middle that was quite interesting. But these past eleven trading sessions have been some of the most boring trading sessions you’ll ever see. We’re seeing lower and lower volume
This summer volume is driving me crazy. Trading less is the best thing you can do in this market. So far this month I have made about twelve trades, and about half of those, I wouldn’t mind having back, as the doldrums of summer trading is in full swing.Â
First day in the red in over a week, but no major technical damage with the selling.Â
Seriously, I don’t know why you would, but if you want to short a dull market, then be my guest. I’ll even help you with my list of short setups that I post every week. But I’ll tell ya right now, I don’t have a single short position in my portfolio. But I do think
My Swing Trading Strategy I added one new position yesterday, while taking a loss in Hewlett Packard (HPQ). The breadth was horrible, with NYSE declining issues leading the way by a 17:11 margin. It is never a good sign when the Nasdaq 100 makes new all-time highs, while the number of stocks making new 52-week
My Swing Trading Strategy One new trade was added on Friday, but I stayed put the rest of the day. I sold my position in Netflix (NFLX) for a +1.1% profit. Today the market is opening lower, so it will be important that any weakness can be contained and kept from seeping lower. Indicators Volatility