Our portfolio and new picks are meant to protect us
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If this weren’t April Fool’s Day, I would say the end of day rally was a fool’s game. However, fools are just that-fools, so they cannot possibly control all the salient factors in play.
First, looking at volume, there was …
Back to Bullish Phases but Close to Overhead Resistance
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Yes, it’s true that volume on Monday’s up move was meager compared to the selloff last week. It’s also true that the small caps regained the 50 DMA for an unconfirmed phase change back to bullish.
Equally true is that …
So far, so good in a tough environment
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Last week ended exactly as one would expect-leaving both the bulls and the bears apprehensive.
After all, looking back at the action, the S&P 500 sold off yet held the 50 DMA. NASDAQ remains weak failing to even test its …
Perhaps S&P 500 holding the 50 DMA is a sign that the worst for this week is over. Perhaps, it just means the short shooters show up at the end of the week, taking it down beneath.
Certainly looking at …
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Good to have the flexibility to daytrade around positions when market in transition
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Back on March 4th, the small caps Russell 2000s had a huge surge in volume-triple the daily average. I welcome you to go back and review the ensuing daily emails as I began to write about the volume indicator and …