• The Pullback That Never Was

    3 days of selling of less than one point per day That is what SPX has averaged over the course of the last three days when it finished lower each day - less than one measily point. For the bears that has to be infuriating.  I don't blame them - I would be too, if

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

  • The End of a Long Streak for the Nasdaq

    I'm not a big fan of streaks when it comes to stocks I mean it is nice while it lasts, but like any financial instrument that is rallying, eventually there needs to be a pullback and on Friday you got one with a whopping 0.04% pullback on the Nasdaq.  How amazing, right?  That is the

    By |Published On: July 24, 2017|3 min read|

  • Consolidation Here Not a Bad Idea

    When the Nasdaq is up 10 straight days – a little consolidation never hurt anyone.  While it is much more common to see the Nasdaq have these kinds of runs than the S&P 500, it still needs to cool off here. What’s amazing about the run is that it comes right after the Nasdaq

    By |Published On: July 21, 2017|3 min read|

  • Short-Term Support Held and Dip Buying Still in Effect

    Support holding strong, dip-buyers still flying in at any moment of weakness. Yesterday was a sound day for the bulls from a technical standpoint. For one, the S&P 500, by a large margin, saw a huge uptick in volume from the day before. Which is good, because I kind of thought the market was dying

    By |Published On: July 19, 2017|3 min read|

  • Light, Low, Nonexistent Volume

    What was that yesterday? Where was the volume? That had to be one of the least interesting trading days in my entire trading career. I mean, it was horrible, miserable – and outright boring. 

    By |Published On: July 18, 2017|3 min read|

  • New All Time Highs for the Stock Market – What Matters Now?

    All time highs without a worry in this world.  It really is impressive how the market will rebound every time from even the smallest of sell-offs to hit new all-time highs, time and time again. There is a lot of risk out there – tons of it. Despite all the horrible headlines that could readily

    By |Published On: July 17, 2017|3 min read|

  • Banks Down, Market Wants Upward Follow Through on Darvas Breakout

    Out of the Darvas Box - just barely though Okay, so we have been here before. This almost-two month long box that the S&P 500 has been trading in has been broken for only the second time, yesterday. The last time it broke was on June 19th, and the following day resulted in a huge

    By |Published On: July 14, 2017|4 min read|

  • Breaking Out of the Channel

    The Dow hits new highs, S&P 500 & Nasdaq not far behind The S&P has rallied 31 points off of the Tuesday’s lows when Don Jr.’s emails hit the wire. Yeah, it actually sparked a sell-off, but like all sell-offs, it was short lived. Instead, stocks are staring down the barrel of all-time highs, and

    By |Published On: July 13, 2017|3 min read|

  • Stocks Ready to Breakout Again

    Stocks ready to bust a move despite yesterday’s freakout That was a fast, hard, sell-off that came out of nowhere yesterday and looked like it was going to really bring down the market in a big way, until the Senate announced that they were going to do their job and actually work and not take

    By |Published On: July 12, 2017|3 min read|

  • Declining Channel Remains Intact

    The rally took stocks right up to the 20-day moving average before selling off at the close For the past couple of weeks that 20-day moving average has been an absolute pest to the S&P 500 and traders as a whole. Today it kissed the MA and then sold off hard right thereafter into the

    By |Published On: July 11, 2017|3 min read|