And while we wait for one, here's how to cull my site
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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
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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 …
How to adjust stops and entries using the one day pivots in conjunction with the FTP
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The initial weakness in the day certainly no surprise, but the real question is whether the end of day rally and hammer candle left in S&P 500, NASDAQ and the DOW is a reversal with more upside to come given …
This is when we stick to Nuggets
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With all indexes in weak warning phases (exception is Russell 2000 which is in a strong warning phase), unless market bounces back above the 50 DMA, perhaps the recent rally and subsequent failure sealed the fate for a top in …
If it walks like a duck and talks like a duck...
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