I’m sorry I missed this, but now this post will serve a reminder for me, and you, to pay attention to the simple market messages that can make a big difference in your P&L.
Despite the dramatic under performance of …
In the last Focus List the plan was easy because of the inside day patterns in all 4 market watches. The result was as expected - a substantial move followed. Today's up move puts the pivot stack in a bullish …
There's not much to say after a big move down right to a key daily support level, followed by all 4 market watch charts putting in an inside day!
With an inside day after a significant move, you can follow …
In yesterday's live O.R. Mastery coaching session we talked about when to break the rules. Today is another time when breaking the rules of the daily set-ups and focusing on key reference points from daily charts could be in order. …
The Fed's "twist" worked.
As a result of the Fed's announcement, the action in the QQQ was as follows...
First the market rallied (for a nanosecond) to confuse you,
then in sunk like a rock decisively,
then it rallied back …
Yesterday we caught CMG on the long side (up over 6%), today CELG on the long side (up over 7%), and many more huge movers. The volatility is extraordinary.
While these moves are exciting and profitable they can also lead …
There are two notable points today.
First, make sure you review the divergence in the market watch charts at the OR lows today. The strongest index, the QQQ, did not make a new low on the day at about 10:15 …
The markets are not all working their way higher as nicely as you might believe if you're focused on last week's impressive 5 up days in a row statistic. Consider this set of facts:
1. The bulls have the Q's …
Friday is options expiration. This can lead to increased volatility and chop. The market is a little stretched to the upside and the leading index, the QQQ, is sitting right at the 200 MA after a 6-week climb to get …
After you read this post you should read this blog post: “SMH's Trading on Volume, and Back To Lead?” post date is 9/15 and it can be found here:
https://marketgauge.com/hsblog
Technology woke up today. Actually it’s been basing and turning …