Not all too surprising, the market retreated from the 4 day rally, which followed the harder and more volume-packed 4 day decline thus ending the week in warning phases in all but the Russell 2000’s(small caps) which actually confirmed the …
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4 gaps higher on the indexes this week and although trading the system consistently, my overriding question continues to be “When does the other shoe drop?” I see a strong US Dollar (bullish phase in fact), rates dropping some from …
Slingshots, Phase and Condition Changes Only
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In spite of the fact that all the indexes remain in warning phases, even the small caps (Russell 2000), at least got closer to the 50 DMA after the poorer than expected GDP. Since so much of the market is …
Means we reduce risk but still look for long/short setups
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Has it really come to this? The market drops 130 or so on Monday but the feeling is bullish for the next day. The next day the market rallies 100 and the feeling is back to cautious. As you might …
Correction over or dead cat bounce, we are careful in our selections
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Here is how perverse one’s mind can be-it almost seemed like Monday’s action was positive-after all; it came back from the intraday lows, got above Friday’s lows in the Dowand other indexes, with decent volume. But then, end of day, …
Whether protecting profits or controlling risk
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