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Author: Jeff Pierce

Relentless Selling Pressure

92% of today’s volume was to the downside. That makes 4/17 days being 90%+ downside volume days. Within those 17 days we’ve had 2 meaningful rallies with the other days being slightly up, mixed, or down days. What...

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Friday Game Plan

First off, if you haven’t read Ryan’s market summer at ChartSwingTrader you should. He echo’s a lot of what I’m thinking so I don’t want to be redundant. Secondly, the jobs data is going to skew...

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That’s My Style

Trend following is like a democracy. Sometimes it doesn’t look so good, but it’s better than anything else out there. Are we going to rely on buy and hold? Buy and hope, that’s what I call it. Are we going to...

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Another Milestone…

and not the good kind. clipped from dshort.com The current bear market, now nearly 17 months old, has set yet another new low. It continues to dominate our saga of the Four Bad Bears. In nominal terms, the decline in the S&P...

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At Close

Opted to cover my shorts a few minutes ago because I remembered about the jobs report tomorrow. Let me be very clear that I do not think a short term bottom is in place, but the markets may temporarily bounce or act wierd...

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Good or Bad Advice?

I came across a saying awhile back that really stuck with me. I can’t remember where I read it but it has to do with your mindset when you’re about to put on a trade. “Amateurs assess potential, while...

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We May Rise…

..even though I see nothing worth buying on my scans tonight. I went through my watchlists and deleted a lot of stocks that may be at near term bottoms. I’m thinking I should have took some of my shorts off the table at...

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Irwin Schiff

As popular as Peter Schiff is I’m astounded that the topic of his father doesn’t get more publicity. Maybe I’m the only one who didn’t know about his father, Irwin Schiff, was a proponent of...

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