• A Long Market with a Short Memory

    The market that doesn’t hold a grudge With every crisis or potential crisis that occurs, the market has one of the shortest memories of all time. In some ways the market would make an excellent spouse, because when something doesn’t go right, it only holds it against your for a day, maybe a couple of

    By |Published On: May 19, 2017|3 min read|

  • Fear Rises Bigly on Wall Street

    Fear grips traders and the VIX pops 46% I like buying the dip as much as anybody, and it has proven to be a really good strategy over the last eight years. But yesterday was not a day to buy the dip. The internals did not show an anemic sell-off that was going to quickly

    By |Published On: May 18, 2017|3 min read|

  • Hot Stocks: RRD QCOM PH

    Today's hot stocks watch list Long Donnelley R.R. Sons (RRD) Long Qualcomm (QCOM) Short Parker Hannifin (PH)

    By |Published On: May 17, 2017|0 min read|

  • The Trump Sell Off

    The bears are gaining a foothold on the Trump Controversies My objective here isn’t to defend Donald Trump or prosecute him. I leave my personal opinions out of my trading simply because the market doesn’t care what I think when it comes to politics.  So I have to look at price action for what it

    By |Published On: May 17, 2017|3 min read|

  • Hot Stocks: DK MCO GNTX

    Today's hot stocks watch list Long Delek US Holdings (DK) Long Moody's Corp (MCO) Short Gentex (GNTX)

    By |Published On: May 16, 2017|0 min read|

  • Head Fake Bull Trap or Bear Trap Head Fake

    It could be a confusing day for the bulls and bears as they deal with head fakes and traps of all types Strong day out of the market yesterday but what does it really mean for the market today and the days ahead. Should we expect to seek the bulls get head faked once again

    By |Published On: May 16, 2017|3 min read|

  • Hot Stocks: FB AME BLDR

    Today's hot stocks watch list Long Facebook (FB) Long Ametek (AME) Short Builders FirstSource (BLDR)

    By |Published On: May 15, 2017|0 min read|

  • Rally Time For These Stocks

    The bulls are trying to make a solid rally of it today.  With a move back over 2400 in the wake of more saber-rattling out of North Korea and one of the biggest cyber attacks ever, the market, nonetheless is holding its own and looking at a move yet again at the all-time highs. This

    By |Published On: May 15, 2017|1 min read|

  • Bearish Divergences Popping Up

    Bearish Divergences Warrants Caution You could have skipped the last three weeks of trading and you would have come back to a market that is virtually unchanged.  It hasn’t moved, it hasn’t gone anywhere, and Friday’s price action exemplified that with another light volume trading session. VIX spent most of the week below 10,

    By |Published On: May 15, 2017|3 min read|

  • Hot Stocks: MGM ORCL LQ

    Today's hot stocks watch list Long MGM Resorts International (MGM) Long Oracle (ORCL) Short La Quinta (LQ)

    By |Published On: May 14, 2017|0 min read|