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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After the big drop last week, Thursday and Friday’s action formed what could become a new base or launch pad as I like to say. Plus, the S&P 500 and the Dow had inside days as well. Basically, two possible …
Not Even Japan’s 7% Drop Could Scare Our Bulls.
Wednesday all 4 stock indexes experienced one of the ugliest reversal days the markets have seen in years. Then overnight, Japan’s equities sunk 7% due to weak economic data in China. …
Our tell, the Small Caps or Russell 2000, had a historical day (the whole market really, but let’s focus on that one). After an inside day, it opened unchanged, took out Tuesday’s high; then after what is nearly laughable contradictory …
From ETFs to Stocks-What to look for
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Most notable for Tuesday is that the Small Caps or Russell 2000 had an inside day (when the range of the day, high to low, is within the range of the day before). This interprets as a pause, which I …