Indices coming back with overhead hurdles
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As annoying as my constant harping on the Sheep imagery related to market tone may be-I must say-it has kept me patient throughout the correction-or at the very least, given me perspective.
For example, let’s take our friends, the so-called …
Top setups both long and short
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Following inside day patterns in all 4 indices, they all reconciled to the downside, with certain instruments going s-p-la-t!
We have unconfirmed warning phases again in both the S&P 500 and the Dow. The Russell 2000s or small caps held …
Plus where to look specifically
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It seems safe to get back into the sheep conversation after recent activity. I titled the weekend commentary as Cast Sheep because that perfectly defined last Friday’s action (if you accept the premise of sheep in the first place.)
A …
Especially after big reversal days
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An experienced trader never designs or alters a trading plan based on what he/she “thinks” is going to happen. Experienced traders confirm and place trades using top down analysis, market internals, risk/reward ratios, and proper position sizing.
Key is to …
I feel like the market looks-upbeat but a bit tired. Upbeat because the sectors I have been watching are holding up. Tired, because it seems that the prices in those sectors haven’t moved much as if waiting for either the …
Key focus remains on financial and semiconductor sectors
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