Review of Portfolio trades
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NASDAQ breaks 4000! The Russell 2000s reached 113.00-the resistance we expected. The Dow and S&P 500 make new highs and retreat from them by the close. The Real Estate Sector ETF weakens again. WHAT? That’s not bullish! Yet Simon Property …
Managing Positions Until Monday
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Light volume, digestion of prices, no radical change in the breadth of the market-as predictable ahead of Thanksgiving-or “Thanksgivingukkah”- as are long airport lines, turkey, stuffing and football! An optimist is a person who starts a diet on Thanksgiving Day. …
As we seasoned traders watched the substantial boost to our portfolios last week, an article in the newspaper got my attention. The headline: U.S. Life Expectancy Ranks 26 in the World. One reason cited for this statistic is that *“Americans …
The Dow closed on new highs yet didn’t make new intraday highs. The S&P 500 and NASDAQ firmed, still a bit away from their highs. The Russell 2000s nearly doubled the performance of the other 3 percentage wise with a …
End of week gameplan for profits and stops
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Hump day and well, no comment on how the Federal Reserve and the release of the FOMC minutes fit into that euphemism.
The Dow retreated back to the fast DMA and the channel it broke out from (close enough anyway). …
The Inside day Pattern
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Monday the market closed up but it felt as though disaster loomed. Tuesday, the market closed lower yet it feels more solid. The psychology suggests that when we brace for the worst, the not-so-bad seems great! We humans are such …