S&P 500 has the longest winning streak since 2004; 1st close above 1500 since December 2007. These are the type of lofty headlines that make traders very happy (if their P & L is in line with the market), very …
AAPL-the Aftermath. I'm pretty certain those AAPL longs are wishing for Silence of the Lambs. Price action on the daily NASDAQ chart looks like a tear drop. However, the moving averages are about to cross back to golden. S&P 500 …
Some short plays and managing risk best we can
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I am writing this while AAPL digests the miss on earnings and NFLX digests the beat. So, what could that do to the market? A couple of caveats as we continue overbought on the near term Relative Strength Indicators-first, the …
4 signs of a top, how new traders should use tweets and the reversal trades when market overbought
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First round of the big guns reported. All reported better than expected and all rallied substantially post market. That could mean a good run coming in technology (XLK) and semiconductors. That could also mean profit taking in energy, oil and …
Overview of market while we wait for some big earnings reports
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You can't keep a good market down! Some decent volume came in on Friday, partly because of options expiration and partly because the rally is starting to feel real, even to the doubters. Now, for those who subscribe to Murphy's …
Although I always get a little antsy when the indexes take out key resistance points then close below them after a strong up day, I also know that a move in the direction of the trend, is a good thing. …
Something for everyone-hope you all enjoyed the week
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