Guidelines for stops and when to not take the trade long or short
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What truly amazes me is where the S & P 500 (SPY) ended. After the 10th biggest winning week since 1950, you'd think there would be some clarity. But NO! S &P had to close with a crap shoot chart. …
After yesterday, AAPL GOOG BIDU and even AMZN did some catching up with technology (both biotech and computer tech) remaining firm and retail, firm but mixed. Energy took a nap along withtransportation, metals and financials. Unless there is a startling …
Looks like both could be good for end of year rally
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Wow! After a bank downgrade, central banks unite and away we go. Island bottoms, which were confirmed yesterday, now looking like a possible game changer (with a little help from our friends.)
SPY: Great to see volume and a phase …
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There is nothing surprising about digestion at these levels after a huge move down followed by a sizeable gap up. Energy, Biotechnology and Retail prevailed while Financials and Semiconductors dragged. Divergence in sectors and technicals.
SPY: There is an island …
When going gets tough rules a must
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Hopefully shorts did not have a Tryptophan high from the turkey leftovers coming into today. After all, a 5% drop in a week-you got to expect a rally. Also, 7 is a magic number up or down in a row; …