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 …
Several posts ago I pointed out the SMH (the Semiconductor ETF) was breaking some key upside resistance, and worth keeping an eye on as a measure of potential strength in the Q’s as well as trades in the group. You …
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 …
In the trading room 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 number of highly volatile stocks is extraordinary.
While these moves …
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 …
Look who returned to run up the market!
And smack it in the last half hour?
The semiconductors, a good indicators of tech, and represented by the ETF, SMH, completed a divergence pattern today, and set a little fire under …
Today's training video for ORSF and DTHS members was about the 60-min time frame because it is so applicable to the current state of the markets. The charts below show the market watch 4 on the 60-min. charts with the …
Monday's Focus list had two main points:
1. Weakness would be bearish because of the clearly defined bearish flag pattern, and
2. If you consider more than just the SPY's, you'll see a much different picture. Both were important today …