My Trading Journal for the Stock Market Today: When the market has a long one-day pullback that is 6 points in total, and for once in the past 13 trading sessions, the Dow Jones Industrial Average fails to rally at all, traders have to go back to their playbook and pull out the Trump Stock Rally
Where this market is heading in March, nobody knows. First day of the month lately has been rather bullish of late, but that could all change tomorrow. Let’s see what this market has in store for us in the third trading month of 2017. Here’s the Stockwatch: Long Global Payments (GPN) Long Discover Financial Services (DFS)
Actually some weakness today with the stock market down a bit. It isn’t anything to get too excited about but we aren’t dealing with fractions of a point either. But knowing the dip buyers, they will probably come in and miraculously save the day at the end. I know that sounds like sour grapes on
The Dow is on a record breaking hot streak – matching the eleven day rally back in 1987 (bad year, right?). So the question today is, can it make it twelve? I wouldn’t be surprised one bit. The market is already beyond the irrational stage, so what’s one more up-day in the grand scheme of
It may just be that the market has discovered the Fountain of Youth, and the stocks in all the exchanges will always go up forever more. It sure does “feel” like that. However, anyone that has been trading for any length of time (or beyond last October when we had the last 1% drop in
How many shares to buy: It doesn’t matter I know we all want to have thousands upon thousands of shares of a particular stock in our portfolio. It makes us feel big time, like we have a major stake invested in the company. Bug deciding how many shares to buy in our swing trading will
The Dow is on a record breaking hot streak – matching the eleven day rally back in 1987 (bad year, right?). So the question today is, can it make it twelve? I wouldn’t be surprised one bit. The market is already beyond the irrational stage, so what’s one more up-day in the grand scheme of
You'd have to be living in a cave to not realize that Amazon (AMZN) has been part of a most impressive rally. But following a three day pullback, the Amazon share price today sits right on a key long-term support level. Check out the Amazon stock chart below and you'll see exactly what I am talking
Look what we have here – some market weakness today. Yes, there is a fairly significant gap down that we haven’t seen in some time, and yes, it runs the risk of being filled before the shorts can get too excited about it. Nonetheless, in honor of this change of pace tha we are faced
The best financial stock market podcast I’ve been putting it off for a long time, but I’ve finally decided to clear the schedule and invest the necessary time and resources to get my finance podcast off the ground. Each week I will do a podcast that touches on, not just the current market environment, but