$SPY tried again to break out, but $IWM, just can’t get over 81.06. As I write this, the $IWM is trying again, and the $SPY is almost above 141.51 (remember 141.56 is a major break out level according to my $SPY read). The...
Read MoreI went into today thinking that if the market can pop off of the morning lows, that would be my cue to get long 2-3 more positions. So far I got two of them, and one of the others happens to be SINA that I’m watching...
Read More$SPY dropped in the morning, tested the intra-day support @ 140.25, and broke out with a lot of strength over the 141 level. The only problem I have with this sudden break out, is that the $IWM could not break out the 81.06...
Read MoreIt’s not often that I take trades that have not triggered above the 8 ema, but $VZ is one I feel confident with. I own a significant amount of this stock in my long term investment account from the mid $20’s. (Yes, I...
Read More$SPY opening lower after durable goods rose 2.4 percent after a previously reported 1.3 percent increase in June. Orders excluding transportation fell 0.4 percent, dropping for a second month in the a row. But that is not the...
Read MorePre-market update (updated 8:30am eastern): European markets are trading -0.4% lower. Asian markets were -1.2% lower US futures are slightly lower ahead of the opening bell. Economic reports due out (all times are eastern):...
Read MoreThe Chart of the Day… Thankfully I didn’t forget to sell my position at the close… Quick Glance at the Market Heat Map and Industries Notables: Ladies and Gentle men if you look to your right you will see the...
Read MoreHere’s a quick look at my current long and short watch-lists as they stand right now. Just because a certain stock is on the list, doesn’t necessarily mean that it is ready to be placed as a trade. Instead some of...
Read MoreAt the moment (intraday on Thursday), AAPL is consolidating at the “mean” (broken pink line) of its uptrending regression channel, as shown on the Daily chart below. A drop and hold below this and the 50% Fibonacci...
Read MoreI haven’t added any new positions to the portfolio yet this morning, but instead I want to watch the market action into the afternoon session and see whether the turnaround we saw yesterday afternoon goes ignored and the...
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