From an older issue of the daily, here are the 4 signs of a top once again 1. Blow off rally with huge volume, 2. Slingshot patterns, 3. Island tops or, 4. Two or more tops made at resistance areas. …
All over the news: Market closes just shy of the 2007 high. Is that the finish line? Since the market has literally traveled straight up to get there, be prepared for one of four possibilities. One: We get there; take …
When to scratch, use tight stops and/or let them run
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I am not sure who is more tired-at the highs-but tired: the market or me. When a runner hits the wall during a marathon, the choice is to stop or keep going, but at a really slow pace. The Dow …
Plus what timeframe adjustments according to risk and RSI
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After the warning on the small caps yesterday, for a while on Tuesday, it seemed like the market was in for a big correction. But, keeping with the Russell 2000, it closed down marginally but with a doji day which …
How to manage risk, positions, adding-all related to the plan
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Will spend week covering plans, managing existing positions and adding to winners
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At least the run at the end of last week did not look like a blow off rally! In fact, it was surprisingly orderly. The jobs report was icing on the cake, but more importantly, what does the strong dollar, …
The big news is that the small caps, Russell 2000s, closed on new all-time highs! As did the Dow! And as I wrote earlier this week, with the new found euphoria, overbought conditions were not as important as they might …