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…
Best statistic I read is that Bloomberg reported Hedge Funds were up .2% at the end of January, while theS&P 500 (SPY) was up 4.4%. The low volume certainly speaks to that. As the island top from July inSPY is …
Why swing trading small ATRs makes most sense
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Inside, low volume day in S&P 500 (SPY) and Russell 2000 (IWM). NASDAQ (QQQ) breaks Friday's low by 2 cents intraday, closing just about unchanged.
S&P 500 (SPY) Has to clear the July 21st low (134.88) the only nagging concern …
Good study in how you never know the one that gets away
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On July 7th, S&P 500 made an island top, then after a substantial dump, ran back up to 134.82 on July 21st which was the last gasp before the selloff to 110. I begin with this information since these legendary …