Some examples and what we wait for now
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The great small caps hope-or shall I say, where my focus began during today’s session, and where my focus remains at the end of today’s session. IWM or Russell 2000 has the clearest technical pattern right now. For one, it …
How we managed taking profits and what to do now
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My last week’s comments were filled with warnings-the double the average volume as S&P 500 made new highs last Wednesday-possible blow off rally; the shooting star possibility in NASDAQ last Thursday: that neither the Retail nor Financial sectors (ETFs) made …
If you stayed one step ahead during Thursday’s session, most likely you stood on the sidelines and watched the digestion at these levels. Except in NASDAQ, this digested while making new highs. That brings me comfort even though there are …
And what I am looking for now
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And what I am looking for now
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Ever since the Labor Department reported the lowest participation rate in employment since 1978 followed up by a weaker than expected retail sales last week-it seemed clear that buying the bull phase and the comments I’ve been making about the …
Exits and Entries and the importance of time
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The market took a giant pause-ok-poetic license-with inside days (when the range of the day is literally inside the range of the day prior) in the S&P 500, NASDAQ and Russell 2000s. The Dow nearly had one, but took out …