Last night’s Focus List was titled “IWM At A New Closing Low” because it is/was extremely important. Well now you can add the SPY and the DIA to that list. The DIA did not break the intra-day low level of …
Friday was a mixed bag of pivot stack condition in if you included KRE and XLF which were positive along with the DIA. Everything else had negative stack. Before Friday is forgotten, I'd recommend taking note of these two important …
All 4 market watch charts (SPY, QQQ, DIA, IWM) came into Thursday with similar bearish conditions. Bearish phase, last close below both 10 and 20 day MA's last close below 3 pivot low, and negative pivot stack. The only positive …
Tomorrow is Rosh Hashana which means volume is likely to be very light, but it doesn't mean there won't be any volatility.
All 4 market watch are still stuck in their 2 month ranges, but the conditions are quite bearish. …
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 …