Even with today's shenanigans (in the form of someone hacking into AP's Twitter account and spreading rumors of explosions at the White House), our analysis that the bull trend is continuing became more apparent. The S&P 500 and NASDAQ confirmed …
Entries in ETFs and Stocks Ahead of the Curve
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The week went out with a limp over the 50 DMA in S&P 500, holding it in the Dow (after an abysmal day for IBM), NASDAQ pushed up against the 50 DMA and IWM (Russell 2000) held the February lows, …
At least there is always something exciting happening in the market, even on the slow drip, eroding phase days. I am talking about Vertex Pharmaceuticals, which rose 50% in the aftermarket based on a study revealing substantial improvements in lung …
Looking at both longs and shorts
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From Tuesday's Daily: "With everything posting inside days, that makes Wednesday's trading range possibly the most decisive of the week." With now 3 substantial distribution days in volume (when the volume exceeds the volume from the day prior with a …
Signs that the top is near, or the rally is fueling up shaking out the weakness
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An inside day-or a trading range within the range of Monday's big red day, was not only anticipated, but also a repeat of the pattern I wrote about that occurred on February 25th. Therefore, as a pattern to be respected, …
With inside days developing, traders have several options
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Bloodbath followed by bloodshed. How does one write pithy comments after a day like today? Trying to shake off emotions and the all too familiar trauma having worked in the World Trade Center for so many years and losing many …