Referencing my weekly stock radar from Sunday night, I am highlighting a few of the charts below. As discussed previously, I’m mostly in cash until I feel more confident in upside that won’t be derailed from EU...
Read MoreHistorically positive seasonality What positive seasonality The markets have seen none of this lately as we have a slow grind lower on light volume. Usually, sentiments are optimistic and seeing the bright side of everything as...
Read MoreNot much has changed since the recent article on Thursday pondering whether we will see a volumeless rally or the start of a new downtrend. With a shortened week due to the holidays and recent market uncertainty growing, I have...
Read MoreWednesday’s final hour sell-off continued on Thursday as reluctant dip-buyers allowed the bears to gain ground. The action on Thursday started reasonably well as the bulls looked to grind higher only to see a vicious...
Read MoreFor what took five days to achieve, we lost in one trading day last Wednesday. It took five days to run the markets up only to be lost in one trading day, frustrating/concerning many of the bulls. Believe it or not, this is...
Read MoreYet again, Newpark Resources (NR) beat earnings and the stock is moving towards 52-week highs. We tried this trade back in August after the last earnings beat. In retrospect, the timing was not right as that week ended up being...
Read MoreOver the past week, the market has started to act a bit more normal and healthier. We haven’t seen violent moves catching many off-guard and we are still attempting to grind higher. The concern is we are still very...
Read MoreAfter trimming more longs today, per my StockTalks, I have unusually high levels of cash to start this week. Late last week, hot money started entering very speculative stocks. This is many times a sign that the uptrend may...
Read MoreAs the market bottomed weeks ago, so did ProShares UltraShort 20+ Year Treasury (TBT). Coincidentally, the same day the markets bottomed, so did TBT. Treasuries have continued to sell off, which seemingly has helped fuel this...
Read MoreFinally, a deal has been reached in the EU crisis. The bulls were excited for the news and relentlessly ran the markets up to unforeseen levels. Most bulls even admitted they were shocked on how far they were able to push the...
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