Market breaks out of bull flag on French Election Results Not a bad way to start your week, if you are long on the market (and yes, I am long on the market). It all goes back to what I have been saying in these morning writeups, and that is, the market has been far
Watch list stocks to trade The futures are rocking tonight. Le Pen and that left wing nut didn’t take first and second, so the futures are liking the notion a centrist is likely to win the second round (Macron), as if this is some kind of bracketology, a la March Madness. Nonetheless, I booked some
My Trading Past Performance in Review You might not have realized it, but March actually snapped a four month winning streak when the S&P 500 decided to close a whooping 0.92 points lower. In percentage terms that was -0.04% lower for the month. Needless to say there was a lot of chop in the market
Watch resistance at the 50 day moving average, take two Everything looked fine and dandy yesterday for the market, and resistance at the 50-day moving average that I talked about in yesterday's trading plan, was going to be broken. But with 10 minutes to go, the bears dropped the S&P 500 5 points and, despite
Watch list stocks to trade Long Netflix (NFLX)
Watch resistance at the 50 day moving average It had been acting as support prior to its break last week, but now the 50 day moving average has firmly converted itself into resistance overhead. Following the break last Tuesday, it has gotten close to pushing back above the 50 day moving average but each time
Watch list stocks to trade Long Weyerhaeuser (WY)
Bull flag chart pattern now in play on SPX SPX is forming a nice bull flag pattern. It doesn't feel that way, because nearly every day the market opens, it sells off. If it finishes higher on the day, it is well off the highs of the day. But back to the bull flag pattern,
Watch list stocks to trade Boring stuff fromthe market today – It was like the bulls and the bears were scared to do anything with the trading session. Where we opened the day at is pretty much where we closed the day. Nothing exciting at all. Today also demonstrated why it is still a very
My bearish watch list for the week How many people were anticipating a UK Snap Election prior to today? Yeah, nobody. It is quite amazing how many things, of late, the market can find to freak out about. Brexit was last year, it is happening! Apparently the algos have yet to get over it. They