Market Comments:
Just like Friday the markets are struggling to hold support in an environment were the short term trend is down but into support. Now the Market watch charts are also at the low end of their recent RSI …
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Market Comments:
The market watch charts are not all in agreement on a daily basis. Note how the DIA and SPY …
Market Comments:
After such a big day with no retracements, I'll be flexible and let the stocks drive trading more than the market. We're into support but overall picture is heavy. since ther was not a retracement yesterday there is …
Market Comments:
The employment data this morning was worse than expected an is contributing to the lower open. the markets were lower before the data and the gap down will most likely be modest (.5%). This will put the markets …
Market Comments:
Markets a looking to gap significantly higher. Could be driven by a weak dollar overnight. Additionally, it's the last day of the month which may contribute to a bullish bias today. All that said, the gap higher increases …
Market Comments:
Long weekend, likely a bullish bias day. I will not short lows. I'll look for only really good set ups with a preference for OR Reversal. Most likely done with new positions by noon.
~Long Focus~
ESRX
HLF…
Market Comments:
The 60 min. market watch charts tell the story for the day trader. After two days of consolidation 3 of the four broke out. The Q's didn't. The consolidation has been sloppy. All this is happening right at …
Market Comments:
The 60 min. market watch charts tell the story for the day trader. After two days of consolidation 3 of the four broke out. The Q's didn't. The consolidation has been sloppy. All this is happening right at …
Market Comments:
In a nutshell the market is breaking down, but so slowly it hardly feels real!
But don't fall asleep on it. There is a good chance with the 3 day weekend that the market will consolidate until then …
~Market Comments~
Yesterday's action - gap down and no reaction, leaves me with no real conviction of which way the market will go. It's best to trade without a strong bias if you don't have one. So that is my …