Usually my swing-trades out number my day-trades by about 5 to 1. But thanks to @Fuinahz I’m short what I believe is a nice setup off of the 5-minute chart of Cabot Oil & Gas (COG). As you’ll see in the chart...
Read MoreSo far today, we’re getting a pullback which should come as no surprise to traders. We’ve been up six consecutive days, and that hasn’t happened in years. So the prospect of rising for a seventh straight day...
Read More$SPY popped, and sold off hard unexpectedly. Finally what every trader was looking for a week seem to be turning true. But amazingly, it happened too fast, and we are now looking like we could bounce. Even if we do, the bounce...
Read More$SPY opening flat, keep in mind that we have 2 resistance levels that needs to be watched. The first one is the 140.92 level from last Tuesday 8/7/2012, and a really big one at 141.66 5/1/2012. I have been reading on the Twitter...
Read MorePre-market update (updated 8:30am eastern): European markets are trading in a mixed fashion. Asian markets traded mixed/flat. US futures are trading break-even. Economic reports due out (all times are eastern): None Technical...
Read MoreFurther to my last weekly market update, this week’s update will look, firstly, at the six Major Indices and nine Major Sectors, as shown on the two Daily line chartgrids below, then two DailySPX:VIX and RUT:RVX ratio...
Read More$SPY have no direction, a few minutes ago, I tweeted that it might be doing an invert head and shoulder pattern. Please check the chart : $SPY Inv. Head and Shoulder. This has to be one of the worst week in trading, I have ever...
Read MoreThe market has been about as boring as watching grass grow in a desert. However, this range bound market heading into the final hour of this week, looks like it could make a run to finish green for the 6th consecutive day...
Read MoreIf you are like me, and live in a swing-state for this 2012 election, you are absolutely sick and tired of the ads, smears, lies, and just everything politics. I give more thought to moving to North Dakota every time an election...
Read MoreEvery time I trade Estee Lauder (EL) – which is more times than I’d like to admit, a bit of my manhood gets flushed down the tubes. Yet again, I find myself today crossing gender boundaries and getting sucked into...
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