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I came in today expecting the market to rally, not necessarily for anything more than a test of the key …
We are now in an unconfirmed warning phase in SPY, which happily did not have another Distribution day in volume. Furthermore, the slope of the 50 day moving average is up so we are calling this a weak unconfirmed warning …
I am on the road this weekend, therefore, this is somewhat abbreviated version for Monday.
Needless to say, damage was done on Friday with SPY closing down 1% with another Distribution Day in volume. But, the channel is intact, the …
Today I was grateful for WTW. Although we have had some really good trades lately, they have been mostly mini swing trades. Today's trade was one of those rare occurrences of late where we comfortably bought strength, did not have …
SPY did exactly what we expected it to do after holding the 50 day moving average and the channel bottom I've been showing you on the videos. Came in above the FTP then broke out on a 30 minute opening …
Just when one might think perhaps it's time to become bearish, the signals are still mixed. IWM clearly the weakest lately, closed with a distribution day in volume yes, closed with a confirmed warning phase yes, but, the slope on …
Seriously, I am not trying to sound like a desperate bull, but there are a couple of reasons why this may not be completely a done deal. First, SPY did not hit the 50 day moving average at 132.45 or …
Last week was tough! We got so close to looking like we were going to breakout to new highs in QQQ only to wind up closing down 1.2% breaking the adaptive moving average, yet holding last week's low. And we …
Thanks to so many of you who gave me feedback on developing and working with a trading plan! Every teachable moment serves as a lesson to myself as well.
SPY did not have an Accumulation day in volume as I …
SPY closed unchanged. Since it traded a bit lower after the market closed, we could technically say that it might have been close to a Distribution day in volume as overall volume was light although it exceeded yesterday's. QQQ definitely …