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)
My Trading Journal for the Stock Market Today: I'm pretty sure we are at that point where, "how many days can the Dow push higher", has become irrelevant. Lets just admit it, we are in the Phantom Zone at this point. We can decline 1% today is probably less likely than us running higher for another
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
My Trading Journal for the Stock Market Today: Higher, higher, and higher. I mean, whats to say the Dow doesn't keep this going to infinity and beyond, to borrow from Buzz Lightyear. With seven seconds left of the trading session, the Dow pulled off a miraculous pop to push the Dow from red to green 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
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
Tesla Stock Analysis: The Technical Picture Tesla (TSLA) reported earnings last night and while it was received well initially, the Tesla stock price today is getting hammered as traders woke up to a totally different situation this morning. Tesla shares sold off by by the biggest amount that we have seen since the massive