Costco (COST) is up 2.3% in early market trading, as the wholesale giant announced plans to purchase Controladora Comercial Mexicana’s (CCM) 50 percent stake in Costco de Mexico for $760 million. Additionally, Costco...
Read MoreAnother day in paradise as this range continues. Today SPY held a bit above the lower end at least putting a low in around $131.98 SPY. Around 9:50 a S&P buy program seemed to come in, and stocks didn’t really...
Read MoreWith the big reversals on Monday, big gains on Tuesday, and losses on Wednesday, it hard to say what we should expect from the market today. The markets are up this morning after the poor jobless rate numbers spurred...
Read More(Skip the first three paragraphs if you only want my technical thoughts) There are so many conflicting stories, opinions and strategies being floated in Europe right now, and the markets are bracing for the next two weeks of...
Read MoreThe market continued to trade very choppily in a range Wednesday, unable to get any follow-through in either direction for the fifth straight day. The Nasdaq was the biggest loser, dropping 0.86%, although the indices did stage...
Read MoreWhy do some stocks traders earn consistent money while others find the profession to be a never-ending challenge? Be honest. Which category do you fall into?! This Saturday, June 16th I would like to invite you to make what I...
Read MoreMarket is now in Day 5 of this Range. If you look at SPY, there is a defined channel to trade against. Those adding to longs at the top end are probably a bit frustrated. Those that add to shorts at the bottom end also if they...
Read MoreOne of the most important things to understand as a day trader is when to have risk on and when to have risk off. Based on what I’ve seen in the market today, we are definitely in a risk off period. There has been very...
Read MoreMarkets started off soft but held higher support. The micro support from yesterday afternoon was buyable. The SPY morning low is $132.09. As of now we are pushing through yesterday’s high of $133.01 (holding above this is...
Read MoreYesterday was another big reversal day, just like Monday. We gapped up to start the day, and actually managed to close a little higher, negating Monday’s move. Today, I wouldn’t be surprised to see a bit of back end...
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