Bear trap in the form of a dead cat bounce Yesterday proved that trying to play the short side of this market so far this month and not aggressively taking gains along the way was a futile approach. With just yesterday's dead cat bounce, the market managed to wipe out a majority of the losses
My watch list stocks to trade Bulls finally found some relief today. If you think that the bears have control of this market you are wrong. They never even had it in the first place. Put it this way, if the bulls rally more than 13 points tomorrow on SPX, the market will be
My watch list stocks to trade Bulls finally found some relief today. If you think that the bears have control of this market you are wrong. They never even had it in the first place. Put it this way, if the bulls rally more than 13 points tomorrow on SPX, the market will be
My watch list to follow this week So far the bulls are actually managing to put together a bounce this week and my watch list of long setups are looking pretty nice. Granted, it is only Monday, and the volume is likely to only be about half of what has been seen on average. So
Absence of Nuclear Armageddon leads to a possible bear trap Futures are spiking higher this morning. And for good reason – the world isn’t engulfed in Nuclear War. North Korea tried to launch a test rocket, but that rocket blew up in its face before it could even get off the launch pad. Good for
Watch these 3 stocks Long Callaway Golf (ELY)
Price support holding on, moving averages are not On the surface, it wasn’t a huge sell-off for the stock market. Far from it. SPX finished about 0.33% lower on the day, which seems like a walk in the park at first glance. But under the surface, things were far worse. The breadth was far
My trading notes on this market To say that I have enjoyed this week of trading so far, or even this month for that matter would be an overstatement of the grossest of proportions (somewhere an English major is probably having fits with that sentence). The market has hardly moved, and when it has, it
Watch these 3 stocks tomorrow for possible trades in. Long Eastman Chemical (EMN)
Bearish stocks used to mean something Once again, the bears are giving up all of the morning’s progress at rolling over the market and instead left running for the hills for themselves. If you ever thought buying the dip was a joke, it isn’t. It is an absolute tendency that this market has exhibited