Despite being a big believer in fundamentals, I also believe that emotions rule the markets over the short term. While a trader needs to mostly concern themselves with charts, an investor needs to be more focused on value. From...
Read MoreAM Action: Goldman Sachs(GS), JP Morgan (JPM), Citigroup (C), Morgan Stanley (MS) targets lowered at BofA/Merrill United States Steel Corporation (X) Downgraded – JAGNote by Morgan Stanley Steel Dynamic, Inc....
Read MoreUS stock futures point to a lower open Tuesday after a powerful bounce yesterday. In the world of IBD that action constituted a follow-through day and we are now in a “confirmed uptrend”. What does this mean? It...
Read MoreThe market continued its roller-coaster ride Tuesday, with the Nasdaq leading the charge up 4.3% on the day. When the market showed strength off the bat this morning for the first hour, that told me it was time to get...
Read MoreTraders are often at their best when trends are in place and volatility is low. That is when the biggest bets are made. You’d think volatility is good for traders, but not when this level of volatility hits. In these...
Read MoreI see two set-ups right now in Apple Inc. (AAPL): A micro set up within a macro pattern. I trade AAPL on every time frame. Recently it tried to sell off through its 50day moving average as most high beta names started to give up...
Read MoreBy: Skip Raschke of OptionsProfits Taking a speculative approach to the potential breakdown of price levels for the S&P 500 can be done using controlled risk. In addition, you can establish excellent reward potential if the...
Read MoreBy: Mike Bellafiore of SMB Training Good afternoon Mr. Bellafiore, I hope this message finds you well. I received your email by attending the event you spoke at in DC (which was really Rockville, MD). I read your blog everyday...
Read MoreYesterday the S&P opened up nearly 20 handles, but the gap was faded and the market closed flat on the lows of the day. This is textbook bearish action, where investors take big gap ups as an opportunity to do more selling....
Read MoreUS markets closed in positive territory Monday, but that doesn’t tell half of the story as the market gave back sizable weekend gains. Stocks cheered the overthrow of Moammar Gadhafi’s oppressive regime, with the SPY...
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