• Breakout of Consolidation Highs

    Breakout of Consolidation a Must SPX had that opportunity on Friday to really close out the month strong and breakout of that consolidation pattern that is more evident on the intraday charts than it is on the daily chart. Instead the market gave traders a gap and crap the entire day. Very little bounce and

    By |Published On: May 1, 2017|2 min read|

  • Today’s Stock Watch List: MU, MGA, CE

    Today's stock watch list Long Micron Technology (MU) Long Magna International (MGA) Short Celanese (CE)

    By |Published On: May 1, 2017|0 min read|

  • Nasdaq Rally Like Its 1999

    Nasdaq Rally + Euphoria Knows No Bounds Nasdaq is blowing the roof off this joint and I wish that when you clicked on this post to read, that I could have had Prince singing his infamous "1999" song. It would have been a nice touch and really brought the point home that I'm trying to

    By |Published On: April 28, 2017|3 min read|

  • Today’s Stock Watch List: CY IPXL CBS

    Today’s stock watch list Long Cypress Semiconductor (CY)

    By |Published On: April 28, 2017|0 min read|

  • No Cigar on New All Time Highs

    Pulled back right before making new all-time highs It has been almost two whole months since we last established new all time highs (3/1) - which really is an eternity in today's Trump-induced market rally. Yesterday, SPX had its chance to do so, the Dow didn't even get close, and the Nasdaq had a hangover

    By |Published On: April 27, 2017|3 min read|

  • Today’s Stock Watch List: NSC, GRUB, ABT

    Today’s stock watch list Long Norfolk Southern (NSC)

    By |Published On: April 27, 2017|0 min read|

  • New All-Time Highs Awaits

    New all time highs is the next step for the market No doubt all this talk about 15% corporate tax cuts are fueling this market run. If you have been short the last two days…my condolences. But trading is going where the market wants to take you, and not being in the backseat strapped in

    By |Published On: April 26, 2017|3 min read|

  • Here’s Today’s Stock Watch List: AKRX CIT PCAR

    Today’s stock watch list Long Akorn (AKRX)

    By |Published On: April 26, 2017|0 min read|

  • Bull Flag Breakout People

    Shockingly the market didn’t sell-off the bull flag in the afternoon and maintained the breakout instead That afternoon sell off has been strong of late, but the bull flag held strong on the charts and the breakout is still in play. Should you be short right now? Not according to the charts. Yes, there is

    By |Published On: April 25, 2017|3 min read|

  • Here’s Today’s Stock Watch List

    Today’s stock watch list Long American Airlines (AAL)

    By |Published On: April 25, 2017|0 min read|