When the music stops, will you have a chair to sit on? What we mean by that is the market can’t keep going up like this forever. At some point in time we will get a correction — quite possibly a meaningful...
Read MoreWhile our markets hit new rally highs the bulk of the international ETFs are not following through. That MAY be telling us something. EEM is first which is the opposite of the EUM. It’s interesting how the EUM broke...
Read MoreChange In TrendsEventually all trends change. If you are short at a market low you need to know when to cover and get out. Likewise if you are long at a market high, here too you need to know when to get out. This is where...
Read MoreThe only pattern you’ll ever need to know in uptrending markets is commonly referred to as a Pullback Off Highs (POH). And sure enough with the recent vertical leap to nosebleed levels we’ve seen in the indexes a...
Read MoreYesterday CLNE broke out on an earnings related news release. Blink your eye and you missed it. So now what? Do we do what the master TV herder says we should do and that is just blindly buy buy buy? Or should we do what we here...
Read MoreIf you can’t beat them join them right? Well before we go and buy stocks BLINDLY based on emotions we need to take a look at the indexes first. Why? Because most stocks trade in tandem with the indexes and success in the...
Read MoreSure enough here we are testing the 78.6 Fibonacci Level.You’ve all heard us say that the OTC Comp leads the market. Well we have an even better leader and that is the Russell 2000 index above. As you can see this index...
Read MoreSo here we are, still in this B wave up, snapback rally, whatever you want to call it While the Full Stochastics are back to being overbought we have the general structure showing the potential of some more work to do on the...
Read MoreIt’s the NDX 100 Index off the 2007 peak. Does anything jump out at you? It should. Take a good look: We’ve talked about ABC’s. We’ve talked about Fibonacci levels. We’ve talked about trend...
Read MoreAs you can see Friday the indexes stopped cold on the 61.8% fibonacci level after an options expiration vertical assault up On Monday, the market may rise to fill the gap created in January and to retest that resistance level to...
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