Typically when a stock goes up after I get stopped out for a loss, or a small gain, I’m not one to care or give it much though. It happens, and will always happen. But geesh, sometimes it’s just hard to ignore. Take...
Read More$SPY gaping but no real news, signalling for me that we “might” sell off today. The most intriguing factor is the Initial claims for state unemployment benefits increased 34,000 to a seasonally adjusted 386,000. So...
Read MorePre-market update (updated 8:30am eastern): European markets are trading 0.7% higher. Asian markets traded 1.2% higher. US futures are moderately higher ahead of the open. Economic reports due out (all times are eastern):...
Read MoreThe Chart of the Day… Posted originally on SocialTrade.com – if you haven’t checked it out yet – its definitely a cool site to visit. Quick Glance at the Market Heat Map and Industries Notables: Today...
Read MoreToday’s market scenario that I want to discuss is one that you’ve probably heard me warn about in the past in either various posts or in our chat room, but nonetheless, they end up usually being some of the worst...
Read MoreOne new trade so far for me today – six longs that I’m holding in my portfolio at this point. However, we are getting some resistance off of the descending trend-line from 4/3 that is cuasing me a bit of concern. I...
Read More$SPY above my 3rd target of 137.06, but I personally don’t think it can make it over 137.64, and I would actually start looking for some shorts. Specially on names that are getting to R3. Some of these names are: $FIO...
Read MoreI’m quite certain that Masco (MAS) was trying to run before I could post this chart below. Don’t chase it – wait for it to drop back down to $14.26 before considering a long position. As for Home Depot (HD), I...
Read More$SPY opening lower even though housing starts rose 6.9 percent in June to a 760,000 units which is 15,000 more than analysts expected. The $NYMO (McClellan Oscillator) rose just a tiny bit from the previous day, and still...
Read MorePre-market update (updated 8:30am eastern): European markets are trading 0.2% higher. Asian markets traded -0.6% lower. US futures are slightly lower ahead of the open. Economic reports due out (all times are eastern): MBA...
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