Although the S&P 500 and the Dow (DIA) cleared the 2013 highs intraday to make new highs, they both ultimately closed beneath those numbers. DIA had had a high of 155.44. Thursday’s high was 155.74 with a closing price of …
When to trade gaps and how plus how Mish anticipates a move
…
When to trade gaps and how plus how Mish anticipates a move
…
Regarding the search for confirmation on whether or not Tuesday yielded any reversal patterns-keep searching. As choppy as the market was before, during and after Ben Bernanke’s testimony, ultimately, the day closed green and none of the indexes gave an …
If thinking more upside, here's how to plan
…
In Monday night’s daily, I wrote about Biotechnology and how we were on watch for the possibility of akey reversal day after Friday’s double the average blow off rally. Tuesday, a classic second indication of possible reversal in play occurred …
Difference between positions deep in the money and those that are new
…
By all accounts a good digestion day. Financials continued to shine on the heels of strong earnings in that sector. Retail made new highs once again and transportation made up for some its lag from last week.Rates dropped, the dollar …
How to gauge the proper risk
…
Tell your children to train for jobs in Biotechnology, if appropriate, since that seems to be the place to be for innovation and long positions. IBB, the ETF for that sector closed up 2.46%. Otherwise, Friday was a healthy digestion …