You know what kept us from going short?AAPL! Yup. That had an inside day and seeing as that and theRetail ETF (XRT) never broke those key previous day lows, we figured we rather miss the selloff and wait to see …
This market can wear you out. This much I can tell you. The phase is strong warning. The number of stocks and ETFs that are in a bullish phase have decreased significantly. Bear phase stocks have already been beaten to …
It is very possible a short term bottom is in place. Many slingshot patterns have emerged with the volatility index (measurement of sentiment and fear) indicating a short-term buy on Monday.
S&P 500 (SPY) Troubling even after a new short …
If there were ever a time to preach the importance of a trading plan, it's now. Unless you have been committed to the short side, as a potential buyer looking for signs of a bottom, no day last week remotely …
The market gave lots of warning signs that this was coming, so too will it tell us that the worst is behind us. With Russell 2000 (IWM) at the 200 DMA in a dramatic end of day drop, with RSI's …
Once again, biggest clue Wednesday, just like Tuesday, was that S&P 500 (SPY) could not clear previous day high. Nor could DIA, QQQ or IWM. So market may be oversold, but the scenarios I have laid out for watching for …
Biggest clue Tuesday was that S&P 500 (SPY) could not clear previous day high. Nor could DIA or IWM. NASDAQ (QQQ) made a bold attempt with early strength from AMZN, GOOG in particular, but AAPL gave it up the last …
A bit hard to short the market as these levels as far as risk is concerned which means a good time to brush up on what constitutes a bottom signal to buy while we stay mainly in cash. Market has …
We came back from vacation to one of the toughest weeks I can remember. Warning phase, it was a stock pickers, hit and run market leaving both bears and bulls holding the bag way too often. I began the week …
Most notable feature of the day is the second inside day in NASDAQ (QQQ). With its completely neutral slope on the 50 DMA the warning phase has not accelerated, but at the same time is no longer considered "weak". So, …