We’re always looking to provide the best level of service possible and that requires changes occasionally. Starting this week you should receive the Focus List earlier than you’ve been receiving it, partially because it will not include the commentary. Instead …
Today is a good day to have mental impression of in your trading brain.
In yesterday’s Focus List I emphasized the likelihood of a trend day occurring today or soon. While the trend day did not start at the low …
Today was a second consolidation day in two. If you look at the 60-min. charts on the market watch 4 (SPY, DIA, QQQ, and IWM), you'll see a clear pattern of sideways action since the gap down Monday morning.
All …
The market is weak and waiting for the Greece referendum on Friday and the FOMC announcement tomorrow. Two down days and an island top coming off the 200-day zone hard is strong rejection of the highs in the Q's and …
200-Day moving averages are where the big corrections end and major trends are defined. Over the years I've come to respect the 200 like unwelcome advice from a grandfather - you don't always want to believe it, it often takes …
A snow storm has dumped 16 inches of snow on my area of NJ and left my house powerless, and the office without internet connectivity. While I can't say this is as interesting as the market condition right now, it …
Good news from Europe created a nice expansion day in all 4 market watch charts as well as in the financials, energy and semiconductors. It also eliminated the divergence in the daily market watch charts as I've said could easily …
The European Summit is holding this market hostage. It doesn't take much to move and significantly either way, so just trade by the short-term numbers. By this I mean:
1. OR pattern
2. Pivot stack
3. Floor trader pivot location…
Today was a weaker close than the bulls would like to see - below the prior day's low and S1 in the almost all the key the attempt to breakout - SPY, DIA, QQQ, XLF and KRE. IWM also closed …
Yesterday's post said everything I'd say today. There is a big opportunity between perfect and divergence. Today's move was in line with this condition. The two lagging indexes over the last 5 to 7 days, Q's and IWM, played catch …