An old friend who owned AAPL stock since $100 called me and said I am getting out today once it traded $525 with a sell stop at $517. He is not a professional trader and has ignored many "TV" analysts …
Still is a stock pickers market
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Roses Have Thorns
S&P 500 (SPY) The 10 DMA still a good place to now hold.
Russell 2000 (IWM) Through 82.10 back in the game. 81.00 big support to hold.
NASDQ (QQQ) Another strong closing price (new high in a …
Expected with overbought internals and support areas tested
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Nearly gained back the loss from Friday in S&P 500, but until it takes out the July high 135.70, with today's DOJI (opening and closing price virtually the same), still more of a hesitation at these levels, especially since the …
How to follow the sector and group and rotation
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Even with Friday's selloff, we just touched the surface of working off overbought market internals leaving the big question of whether with the trend very much intact, and the 2 key indexes S&P 500 (SPY) and NASDAQ (QQQ) holding key …
S&P 500 (SPY) could not clear the July high 135.70 although giving it big high fives for valiant effort. Earlier this week we explored what a top looks like. One indication is an orderly price testing at resistance. Perhaps July …
Using a good risk and then not watching the ticks
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Tonight is a special video edition of the Evening Watch List. Also included below are my picks in text format.
Picks
IBB Thru R1
IYT Thru R1
GLD thru 170.14
Reversals on SMH XLE XLF
TBT add thru 19.50
Longs…