It takes a lot to get the market this oversold, and usually it comes on the heels of the bulls becoming completely exasperated. And that is what happened today when the bears drove this market another 65 points down on the S&P 500 following yesterday’s Fed sell-off, which happened to [...]
My biggest concern with this market over the past three months has been the lack of breadth in this market. And today it is hitting new lows. While the S&P 500 and Dow Jones Industrial Average continues to hit new highs over the past week, and the Nasdaq and Russell [...]
A divergence is popping up on the charts that was the same as the one seen back in late January. Of course that divergence ultimatley led to the massive -10% correction off of the all-time highs. […]
My Swing Trading Approach I’m taking as much from the market as it is willing to give. Meaning, I am not overly committing to the long side, but if there are opportunities to take advantage of, I am going to take them, while raising stops to protect existing profits. With [...]
T2108 bullish divergences still in full effect I don’t tend to post the T2108 chart all that often, but I have lately because it does a much better job of forecasting and determining market direction following a major market sell-off. […]
While I dipped my toes to the short side during the month of March, I didn’t nearly capitalize as much as I could have that month. That is because of this T2108 chart, which measures the percentage of stocks trading above their 40-day moving average. […]
My Swing Trading Approach Still 100% cash today. If I do trade today, whether long or short, it will be small increments. Indicators […]
My Swing Trading Approach I will be looking to manage my existing positions first, and may let my portfolio ride out here, rather than adding new positions today. Indicators […]
My Swing Trading Approach I am open to adding one to two new positions to the market today, but price action in the overall market needs to be favorable. Indicators […]
My Swing Trading Approach Three day weekend ahead of us, with the market closed on Monday. I may add a new position if the market holds the early morning gains, and the right opportunity presents itself. I will continue increasing my stops to protect profits. Indicators […]
I’ve really been impressed by the start that we have seen here in 2018. Really an amazing start, and the best opening week that I can remember having to a new year, in a very, very long time. In fact it is the best opening week for the stock market [...]
My Swing Trading Approach I’ll look to add another position to the portfolio today, should the market strength hold up, in the early going. I expect light volume from now until the end of the year. Indicators […]
