Stocks Ready to Breakout Again

2017-07-12T09:26:00-04:00July 12, 2017|

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 [...]

Declining Channel Remains Intact

2017-07-11T08:00:00-04:00July 11, 2017|

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 [...]

Sell-off Negated For Now

2017-07-10T08:50:00-04:00July 10, 2017|

I would have loved to of seen a greater pullback in the market And maybe we still get it right here, but Friday’s bounce was highly problematic for the bears. Simply put, they had the market, as they have had time and time again, on the ropes, with a breakdown [...]

Patience to Find the Right Trade Setups

2017-07-06T08:00:00-04:00July 6, 2017|

It was just last Thursday when the S&P 500 was on the cusp of a breakdown.  Since then, it has been up, up, up. But only 13 points to show for the 3-day rally in the stock market. And each rally has been of mixed signals, with the Nasdaq down [...]

More Light Volume to be Expected

2017-07-05T09:20:00-04:00July 5, 2017|

I suspect that the holiday volume will persist into the week. Anytime you have a week where there are only 3.5 trading sessions in total, you can expect that much of Wall Street will take the week off and enjoy an extended vacation.  […]

Holiday Trading Hours and Volume

2017-07-03T09:13:00-04:00July 3, 2017|

Futures are surprisingly making a move in the premarket Whether it holds will be a whole other question. Gap highers tend to be shakey business of late. Even Friday, where the market was solid all day long, chose to sell off in the final 10 minutes of trading and wipe [...]

Dead Cat Bounce or Sustainable Selling

2017-06-30T09:19:00-04:00June 30, 2017|

Stock market is on shaky ground That doesn't mean the market is simply going straight down from here - if it were only that easy. That's because, despite the sudden bearishness that has been prevalent throughout this week, there is still that pesky dip buying mentality of the stock market [...]

This is a Dicey Market

2017-06-29T09:19:00-04:00June 29, 2017|

Nasdaq selling off again, SPX flat The technology purge looks to resume again this morning, while most of the overnight gains have been lost by the large caps. This market is becoming a bit less predictable in the latter half of this month. yesterday's bounce looked reminiscent of the bounce [...]

Bounce Like You Never Sold Off

2017-06-28T09:19:00-04:00June 28, 2017|

Buy Machines Continue to Bounce following One Day Sell-offs If the premarket is any sign of what looms for the market today, it will be yet another hard bounce following a one-day sell-off.  […]

Stocks Trends Continue to Move Sideways

2017-06-27T09:19:00-04:00June 27, 2017|

Stocks and Indices continue to trend sideways Outside the first trading day of the month, the market has absolutely gone nowhere. Stock trends in general have been totally sideways or in more technical terms, “consolidating”.  […]

End of Quarter Window Dressing Ahead

2017-06-26T09:22:00-04:00June 26, 2017|

Prepare for the funds to start window dressing their quarterly and 6 month reports This is one of those points in the year, where the funds become very concerned by their performance. So much so, that they’ll start what is commonly known as ‘window-dressing’ their portfolios with all the right [...]

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