There is an art to trading an IPO on its first few days, and also to recognizing the macro buyable pattern 4-6 weeks later! If you are a trained technical trader, you were not one of the retail victims of the Facebook (FB) IPO...
Read MoreThe market put in a very ugly candle today, but at least showed a pulse in the last 15 minutes of the session to take back the 21 and 50-day moving average. The fact that we filled two gaps in one day, in two different...
Read MoreAmerican Express (AXP) is one of the few stocks that has so far eked today despite down markets across the board. The Dow is down nearly 30 points and the NASDAQ and S&P have both fallen nearly half a percent, but American...
Read MoreBack on July 2nd, ahead of my appearance on Bloomberg about the retail sector, I shared this analysis on Target (TGT):...
Read MoreMarkets basically filled the Job’s Report gap and has been bleeding lower since. The high of the morning was $136.23. Right now we are trading at $135.20ish and there hasn’t been a bounce. Bigger support under this...
Read MoreOn Friday there was a bit of a down move, and yesterday we saw another muted move downwards in the morning followed by a slight uptick late in the day. All in all, we’re still covering. $134.85 held yesterday, which meant...
Read MoreFutures are up after Spain received some of its bailout funds sooner than expected to help push down soaring yields. European stocks are rallying this morning as well after four days of selling. China official numbers continue...
Read MoreBlue chip stocks suffered their third straight day of losses Monday, the longest such streak since early June. The Dow was the biggest loser among the indices, dropping 0.28%. Investors appeared anxious ahead of earnings season,...
Read MoreThese mid-day updates are really something of a video journal, so you can go back and review them to try and pull out the main ideas. Recently, I think the theme has been glaringly obvious. The theme has been to day trade. Take...
Read MoreMarkets opened lower and it’s been a quiet trade. SPY doing all it can to hold on to the gap from 6/29 ($134.85). Low of the day is $134.77 as of 10:35am ET, under this spot is $134.20, then $133.50ish. To get out of...
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