I’m somewhat surprised by the strength that we’ve seen so far in the market today. Europe appears to be on the verge of implosion, and we’re rallying like there’s nothing to be worried about (denial?...
Read MoreThe market is showing signs of hitting a new rough patch, particularly with issues in Europe running amuk and unable to resolve any of their issues. Below I have three charts showing signs of cracking, and once they clear...
Read MoreSince much of what has discussed in recent days hasn’t changed on my daily trading plans, I thought I’d just give you an updated chart this morning. It speaks for itself and if we can break above resistance, we...
Read MoreThursday Watchlist: PVX NPBC VVUS ZOLT PRMW. Read more…
Read MoreI jumped into CF Industries Holdings (CF) this morning as a swing-trade. The trade may or may not end up being profitable – but that is besides the point for this discussion. What I want to do, is show you WHY I traded CF....
Read MoreEconomic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Quarterly Services Survey (10am), EIA Petroleum Status Report (10:30am), Consumer Credit (3pm) The Breakdown: Read more…
Read MoreEconomic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), Treasury STRIPS (3pm) The Breakdown: Read more…
Read MoreIf you’re to ask me, I think Google (GOOG) has done a remarkable job of holding its value this year. I know there have been some fairly rough patches where it declined in excess of 20% on multiple occasions, but as it...
Read MoreEconomic Reports Due Out (Times are EST): Factory Order (10am), ISM Non-Manufacturing Index (10am) The Breakdown: Read more…
Read MoreBank of America (BAC), like Netflix (NFLX), has been one of the year’s most talked about stocks. Before 2008, it would have been hard to believe we’d have a market that put BAC in $5 territory (or $2.50 back in...
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