Looking at our indicators, S&P 500 long term remains in great shape yet still shows shorter term as overdone. NASDAQ shows longer term not as strong as SPY, but on the shorter-term, moderately positive. Another classic day of dips as …
Also how the sector rotation has worked in energy and oil
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Although the market internals are weakening to some degree, the volume and action is so uninspiring right now for both the bears and bulls. Therefore, this is also a good time to keep eyes on the sector and group rotation …
Also, preparing for a correction
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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 …