Market Bias: Bullish, but cautious of any topping action. Watch out for the breakout of the IWM's last four day range. Which ever way it goes could be significant. Longs: GDX SGEN Shorts: PANW SFM
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The Way of an Eagle: 6 Key Trading Lessons While vacationing in Alaska, I pointed my camera up at this eagle in awe of how majestically it sat high on his perch, perfectly balanced. As we ended last week, it …
Longs BIIB F MNST Short PSX MCD MYGN
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The S&P 500’s Journey to Enlightenment In past years I focused a lot on the comparisons between the market and the astrological symbols of the Chinese New Year. 2014 was the Horse, a year that saw gallops and bucks. 2015 …
Thorough look
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Past and Future Between a Rock and a Hard Place In the world of trading the island top pattern is as rare a site as is the multi-million year old Taughenbaugh mesa. A classic example of mountain-top erosion, it was …
When the Bond Sugar High Wears Off The word “cake” and all it implies comes up a lot for me lately. The market rewards corporate profits and investors by letting them “have their cake and eat it too.” We see …
Long Bonds: The Market Rainbow’s Dead-End Photo by JR Lancaster Have the interest rates finally bottomed? If so, will that take the market’s somewhere-over-the-rainbow rally down a dead-end? After closing last week on new all-time highs, this week begins with …
Market Bias: Bullish, but expect consolidation or a pullback Longs: FCX PM EA Shorts: BID JAZZ RHT
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Look Ma, 18,000 in the Dow and No Gremlin! For roughly a year and a half to describe market conditions, I’ve borrowed and used a concept from two classic TV shows. The Twilight Zone’s Terror at 20,000 Feet and The …