Trading Journal

What does this calm before the storm mean for the stock market? Everyone keeps talking about how right now in the stock market, you have a very similar “calm before the storm” trading atmosphere to that of 2007. Personally, I think it is a bunch of hogwash. What happened the following year in 2008 was

Market Not as Skittish About International Conflict Of late, I have noticed that the ties between the political fanfare and the stock market is becoming less and less. Until late, anytime Trump tweeted about anything that had the slightest connection to the stock market, the stock and/or industry it was associated with, woudl have a

The Wall of Worry The market isn’t giving us those warm, wholesome feelings, but that is what climbing the wall of worry is all about. Everyone is paranoid, traders with a concept of risk, are looking over their should the whole time, wondering when is this thing going to end. Meanwhile, others can’t take it

Show some follow through Friday’s move was quite subtle but very strong as well. What started off as a day trading sideways like each of the days of the past eight trading sessions, changed its tune in the afternoon and broke out of the short-term price range and rallied to new all time highs by

The Fourth is Strong with this Market For a moment there, just a moment, it looked like the market was going to lose its marbles and actually experience a legitimate sell-off yesterday. But nope, it didn’t and now you have “May the Fourth” playing Jedi mind tricks on the Wall Street bears in the pre market

This stock market can’t break out of the range bound price action The price action has become very dull among the indices. In fact, this is the tightest 6-day trading range in the last 23 years. For many of you, that is before you ever started trading. Needless to say, what goes up, must come

S&P 500 remains stuck in a 5-day sideways trading range While the S&P 500 (SPX) can’t get out of this 5-day range it has been stuck in, the Nasdaq is still rocking higher. There is very little reason to not be riding the stocks in this index as your primary focus. The majority

Breakout of Consolidation a Must SPX had that opportunity on Friday to really close out the month strong and breakout of that consolidation pattern that is more evident on the intraday charts than it is on the daily chart. Instead the market gave traders a gap and crap the entire day. Very little bounce and

Nasdaq Rally + Euphoria Knows No Bounds Nasdaq is blowing the roof off this joint and I wish that when you clicked on this post to read, that I could have had Prince singing his infamous "1999" song. It would have been a nice touch and really brought the point home that I'm trying to

Pulled back right before making new all-time highs It has been almost two whole months since we last established new all time highs (3/1) - which really is an eternity in today's Trump-induced market rally. Yesterday, SPX had its chance to do so, the Dow didn't even get close, and the Nasdaq had a hangover