While investors are wavering weather the corrective rebound off the June 4 low is over or if this move belongs to the initial stage of a new uptrend, I am in the camp of considering that price is unfolding a Double Zig Zag,...
Read MoreBelow are five stocks that I’ve identified as providing excellent risk/reward setups. I’ve already gone long in one of them – Wabco Holdings (WBC) at $53.98. On another front – I got stopped out of WLT...
Read More$SPY having a lot of trouble getting over the 137.09 level which is the pivot point in my chart. Many stocks I am watching are struggling to get over new resistance levels, and the ones that are making, are not moving that much...
Read MoreSince the market opened this morning, I’ve been able to post some incredible gains in my long positions in CMG, NFLX, UA and HD. I actually sold a bit early in Netflix (NFLX) at $77.68 from $70 due partly to my incredible...
Read MoreFirst of all, I hope everyone had a wonderful 4th of July holiday. It just felt great to have one day off in the middle of the week. $SPY opening under 137 (as I write this post), and the NYMO (McClellan Oscillator finished on...
Read MorePre-market upadate (9:00am eastern): European markets are trading flat. Asian markets traded mixed/flat. US Markets are looking at a slightly negative open. Economic reports due out (all times are eastern): MBA Purchase...
Read MoreSharePlanner Compass: Starting to look parabolic – but I’m keeping the uptrend rating where it is. Quick Glance at the Market Heat Map and Industries Notables: Basic Metals is where its at today – seperated...
Read MoreRecently I was asked by one of my readers what do I determine to be a ‘Gap-Fill’ citing a lot of conflicting definitions, and vagueness surrounding this subject matter. First-off there are a few popular ways in which...
Read More$SPY reached my second level, but in ultra overbought position, with huge resistance here at 137.64. It can continue to go yes, but in my opinion this is a 4th of July run. And everything will be giving back on Thursday when the...
Read MoreI’ve gotta say, that I am somewhat surprised by the fact the market is moving this morning – albeit a little over 5 points, but honestly I thought it would be a total snoozer today. I’ve taken the opportunity...
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