The market does not want to quit, gaining back more than ½ of its losses from Friday. And I love that so many traders try to pigeon hole the market into clichés as a trading methodology: “Sell in May, June …
Both long and short, very specific signals to look for
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Quote from last Thursday’s Daily: “The market remains in a firm bull phase, which is comforting at this point. That doesn’t mean we can’t or won’t see a move to test the underlying 50 day simple moving averages.” Tweet from …
Quote from last Thursday’s Daily: “The market remains in a firm bull phase, which is comforting at this point. That doesn’t mean we can’t or won’t see a move to test the underlying 50 day simple moving averages.” Tweet from …
Although the market moved up slightly today from the established high end of the range made on May 22ndto the low end in place from this past Tuesday (May 28th), it is still very much “boxed in” in a range. …
Looking ahead, picks, etfs, both long and short
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After the slingshot high left from May 22nd that still has to be cleared to see a move beyond current levels, we are boxed in after Wednesday’s session near the lower end of the range established since then. One could …
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Coming into this week, the setup was called for either a launch pad from Friday’s trading range or that range would become a ceiling. With the gap higher right from the opening bell, the launch pad scenario should set the …
As market is finding next direction, expecting trading to get a bit choppy
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