Monday morning I awoke with vivid recall of a dream. In the dream, I met a safecracker who specialized in cracking those antique safes made of steel or iron with vault doors and frames. (Incidentally, they sell on EBay for …
Oh, what a tangled web we weave when we go long cause we believe! (Believe that the market will go straight up that is.)
After hoots and hollers on Tuesday, reality set in on Wednesday. Not harsh reality mind you; …
Let’s begin with a shout out to the Dow for its observance of “200 is the New 100” one more time! Another shout out to the S&P 500 for the best day in 2014! Cheers!
Payday for the bulls, a …
With eyes primarily focused on the indices, particularly watching to see if the DIA could confirm the island bottom or if the QQQs would endure, Monday’s session proved yet another example of the resiliency of the market all around.
Even …
In the ongoing miniseries, The US Stock Market and He’s Not Heavy, He’s My Brethren Market, after wild swings, huge volume patterns, reversal candles on top of reversal candles, the week ended promising for the bulls in the Dow, QQQs, …
Lately, I (and quite certainly many, many more of you as well) spend at least six hours a day staring at 8 different computer monitors with such intensity that by the time I drag myself to the gym, either cook …
I love days like this-not only are they super rare, but also totally cleansing in that we flush away the weak and leave the raptors to swoop down on the scraps.
Now, I don’t want you to think unkindly of …
In the play, “The Seven Year Itch,” a nerdy, faithful, middle-aged man with an overactive imagination experiencing a mid-life crisis, meets a sexy woman while his wife and child are away. Overcome by fantasies, he imagines himself irresistible to this …
While the session began relatively lackluster, the volume registered impressively as even halfway through the day, SPY’s volume exceeded the daily average. That furthered thecase for lower prices or at least yet another substantial distribution day, as our signs for …
If last Thursday’s railroad tracks on the charts of all indices were indeed that confirming sell signal, Friday provided confirmation with a lot less excitement when you compare the extreme volatility and ranges that preceded Friday’s action.
If one compares …