Yesterday’s bearish action reversed today, led by the sector we’ve been highlighting for some time – Retail (XRT).
The next question is, does it have the strength to continue if the market doesn’t rally with it?
Today it had the …
Stocks tried to shake off Friday’s bearishness this morning, but they couldn’t.
There may be several reasons why, and I’ll discuss them later.
First, the way in which the market acted today is worth noting.
The SPY and DIA peaked …
While the common expression involves dogs, the analogy holds true for the market’s bulls and bears.
As you’ll soon learn, a simple ringing of a bell will send these two dogs in the caption into savage frenzy!
It was easy …
Everything I suggested yesterday about the current compression in the SPY and QQQ setting them up for a big move is still true today, because…
The squeeze is still on. The rules I outlined for playing the breakout still apply.…
On Thursday the markets may be particularly sensitive to the PPI data if it is reported as anything other than its expected .3% value.
My reason for expecting a market reaction is not based on the state of inflation, but …
There are many ways traders define a “squeeze” in the markets, but regardless of how you define it, the expected effect of a squeeze is the same.
Squeezes lead to big moves.
There are several big squeezes in the market …
On the surface, today’s move in the SPY was not all that notable. It was up 0.4%, and its range was half that of its average volatility.
It was, however, the third day of a powerful pattern.
Last Thursday the …
The men in the rowboat are rowing in opposite directions.
Great juxtaposition and one that represents an accurate metaphor for last week’s market.
Newton had a theory for that called the Law of Action-Reaction.
“... in every interaction, there is …
This Is a washing machine.
But What If a child could climb inside to enter the unknown?
Think the stock market.
The What Is:
Bullish, with all indices strong on the weekly charts
Happy, with the strong employment numbers and …
“…And this weak and idle theme, No more yielding than a dream…”
A monologue by Puck, a clever yet mischievous fairy, is delivered to the audience at the end of Midsummer’s to apologize in case he might have offended them.…
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