In Choppy Times the Opening Range Reversals
…
Biggest clue Tuesday was that S&P 500 (SPY) could not clear previous day high. Nor could DIA or IWM. NASDAQ (QQQ) made a bold attempt with early strength from AMZN, GOOG in particular, but AAPL gave it up the last …
As we await signs of a bottom - how to trade the categories on the Evening Watch
…
As we await signs of a bottom - how to trade the categories on the Evening Watch
…
A bit hard to short the market as these levels as far as risk is concerned which means a good time to brush up on what constitutes a bottom signal to buy while we stay mainly in cash. Market has …
And while we wait for one, here's how to cull my site
…
We came back from vacation to one of the toughest weeks I can remember. Warning phase, it was a stock pickers, hit and run market leaving both bears and bulls holding the bag way too often. I began the week …
Most notable feature of the day is the second inside day in NASDAQ (QQQ). With its completely neutral slope on the 50 DMA the warning phase has not accelerated, but at the same time is no longer considered "weak". So, …
Clear, concise lesson on mini versus swing
…
Let's Get Right To It:
S&P 500 (SPY) Now 6 days under the floor trader pivots and officially oversold on the daily indicators. Slope on the 50 DMA now negative which means warning phase gathering momentum. Would prefer to sell …