These charts look absolutely horrible and paint a very bearish picture. I would advise against trying to pick up any longs up this time as this market could really gain momentum to the downside. I’m sure many are hoping for a...
Read MoreHere is a reader request for one of the charts from yesterday’s video. I was up late visiting friends and basically woke up, covered my positions and went back to bed! I had to shrink is a little so it would fit. Hopefully...
Read MoreHere are some suggestions on how to play certain momentum stocks. Do not go out and actively use this strategy without testing it first on a control group. Create some scans and see how this particular strategy fairs, but do not...
Read MoreLots of good ideas here to pass the time while you wait for the Fed. I’m really digging the positivity regarding the outlook of the economy. Sidenote on today’s move down: I opted to take my profits this morning and wait for the...
Read MoreI jumped the gun a little this morning and anticipated that my day trading signal would remain bearish for a second day in a row, which in turn would confirm Friday’s move. My indicators remained firmly negative and I couldn’t...
Read MoreWith the recent declines this summer in the metals market, it had many wondering if the gold bull market was over. Well, let’s be real, it only had a few worried. That right there could be a problem with this market, is that...
Read MoreEducation Stocks took it on the chin today (probably earnings related) and if the market begins to move down this will be one sector to focus on. I ran a scan of stocks breaking down and 3/4 were in this sector with the 4th...
Read MoreLet’s take a little bit of a different direction than most with this next blog post. If you’ve been a long time reader of this blog you’ll know that I’m not a fan of Obama and his policies, and it has absolutely nothing to do...
Read MoreThis would have been up last night but I’m not the most tech savvy person out there but I’m learning. If the video is somewhat difficult to see it’s because I haven’t figured out how to zoom yet. Essentially what the chart below...
Read MoreThis morning I sold my HLF and lightened up on my QQQQ position. Funny thing is I couldn’t do any trading at the open because Stockcharts was down, and when I had my charts back the market had rebounded a little. However I’m...
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