With the stock market having tumbled over 600 points on the Dow Jones Industrial and over 75 points on the S&P 500 today, people's 401(k)'s, IRAs and investment accounts took massive hits. But that is because people are investing in their futures under faulty assumptions. They think because Warren Buffet [...]
Up until late April the market was on one incredible rally. Day after day, week after week, all stocks could do was go up, up, up. We even saw the market get within 27 points – less than 2% – from establishing new all-time highs. But now, “Sell in May, [...]
Yup, the sellers are showing early control of the market to start this week, but let’s be honest with ourselves, have they really showed any conviction to the downside? Any momentum worth mentioning? No. In fact, I wouldn’t be surprised if the bulls try to stage another rally in the [...]
The market is down today but for how long? To say this is another top in the market and now there is going to be a retest or break of the February lows is insanely premature. Heck, no one can even say for certain that this market is going to [...]
My job as a trader isn't to match the market dollar for dollar on every move it makes. Sometimes my moves will be more and sometimes it will be less. The key though is to be consistently profitable. And that is something I pride myself on as a trader. Yes, [...]
