Author: mysterytrader@traderplanet.com

I am seeing a lot of contradictory noise. No coherent pattern on which to base reasonable guidance. Hard to make sense of it all. I am focusing on quick scalps with tight limits on risk...

Tuesday’s unimpressive come-back didn’t prove anything. Monday’s route was more convincing. On the other hand, end of the month portfolio adjustments might provide a bit more lift from now into the first couple...

Three yards and a cloud of dust. The market is not very exciting, but it is steady, making small gains most days. After a few months, small gains add up. Very low volatility hardly merits aggressive short-term trading. When...

5 up days in a row makes stocks overbought. This buying wave should be about over. A 2 or 3 day pullback seems due. Several modest intraday rallies on Thursday offered opportunities for quick short-side scalping profits. Hold...

4 up days in a row makes stocks overbought. This buying wave looks to be about over. Day trading momentum already turned down on Wednesday afternoon. A 2 or 3 day pullback seems due. Look to short on modest intraday rallies. I...

New highs are the market’s way of telling us what the trend is: up, for some stocks at least. History shows that past tops have taken time to unfold, sometimes many months. Some stocks may be tired and already topped out,...

The great Dick Diamond is talking about the final move in the 4-year bull market happening NOW. It is a bold call. He has the smarts and experience to make such a call. It is possible that the final high already has been made...

The Dow fell six days in a row, and some think that makes the market oversold. Also, some trendline support is close at hand. I think the June-October rally is over, and I am looking for two-way trading to develop in days ahead....

Weak actual data is casting doubt on “Goldilocks” economic assumptions (not too hot, not too cold, but just right). The ISM Index and the Chicago PMI were worse than generally expected. This is providing a convenient...

A reader writes: “Your October 26th post, “Sell on the Good News”, called the top – precisely! You ARE a genius, after all. If your other readers don’t think picking the turns like that is...