After a lack of follow through, some losses, time to go more defensive
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Let’s examine how the expected “rotation” transpired in the market as this week began using the notes I wrote coming into Monday:
NO-The Russell 2000s have to sit right here and really, go no further south side. (It went further …
The Hybrid, Swing and MiniSwing
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When one watches as many instruments as I do, on choppy end of month-end of week days such as the one we saw last Friday, one can go a bit mad analyzing the divergences and reason on why this one …
Looks like the market is singing Stairway to Heaven-but the temptation to use the stairway up, elevator downphrase is way too tempting so instead I will write, day 3 of follow through in the S&P 500 breakaway gap pattern!
Isn’t …
Trade Selection Getting Even Pickier
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S&P 500 confirmed the breakaway gap with a relatively healthy digestion day-shown perfectly with a doji candle if you are a fan of Japanese Candlesticks. That’s SPY.
NASDAQ, not to scare anyone, could have posted a reversal candle only the …
Lose small win big is the design of our plan
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Last breakaway gap in the S&P 500 was back in April 2013, which was good for a rally that lasted the following 14 trading days until a textbook reversal candle ended the fun.
Tuesday, we saw another potential breakaway gap …
Looking now for specific setups long and short
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