$SPY opening a little lower from the amazing run it had on Friday. Europe holding it’s gains, so I really do believe that this will be a buy the dips kind of day. The $NYMO (McClellan Oscillator) crossed the neutral...
Read MoreWe saw some big moves last week on the basis of talk by Draghi, backed up by Merkel, that the ECB would take whatever action necessary to save the Euro. Talk is cheap though and Merkel hasn’t yet confirmed that she will...
Read MorePre-market update (updated 8:30am eastern): European markets are trading 0.8% higher. Asian markets traded between 1.1% higher on average. US futures are trading and in mixed fashion with slight weakness. Economic reports due...
Read MoreThe Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: And suddenly everything looks right again for the markets (apparently) Tech and Finance were the leaders. Industrial looked phenomenal as...
Read MorePretty good day so far – I went ahead and covered my short position in Meadwestvaco (MWV) at $28.72 from $28.50 for a 0.8% loss. That’s okay though, because I have long positions in HES, MDT, and now in Weight...
Read MoreNothing better than waking up to the news that the stock you swing-traded just a few days ago (and did hold overnight mind you) was bought out by Apple (AAPL) at a 60% premium from your entry price. And here I was satisfied with...
Read More$SPY opening higher as we closed above the the 100MA 136.04 yesterday. We will continue to climb since $NYMO (McClellan Oscillator) is still under the neutral position and we have good news. The way I see it, the news coming...
Read MorePre-market update (updated 8:30am eastern): European markets are trading 0.4% higher. Asian markets traded between 1.7% higher on average. US futures are moderately higher heading into the open. . Economic reports due out (all...
Read MoreAnything that runs up fast and strong has to come back down and that is where we get Parabolic Shorts. A parabolic move is when a stock basically comes from nothing and just runs straight up without trying. We saw this kind of...
Read MoreThe Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: AAPL and CSCO were the party-poopers. Strong bounce in Financials in Basic Materials Read more…
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