Did you “Sell in May?” Do you wish for a Mulligan, a “Do-Over?” That is the problem with trading based on pithy phrases or broad market assumptions. Better to stay grounded in the realities of actual price movement and patterns. See this...
I hear a lot of market commentators giving authoritative sounding reasons for what the market is doing, and what it should do next. These explanations typically get into the complex intra-market correlations of; the price of Oil, interest rates, the impact of tariffs,...
It is no secret that I’ve had a Bearish bias on the overall market. But the facts are; we are above the 200 SMA, above the Ichimoku Cloud and just broke above the sideways wedge formation that the market had been in for several weeks. This is Bullish, that is...
The S&P 500 and other major indexes are still stuck in a volatile range. In this week’s video, I show the technical analysis of this and key levels to watch for. Key update: We have to wait for clarity in the market direction. Not fun or easy, but that is...
Despite REALLY good earnings from important companies like; Google, Amazon and Facebook, the market ended up down overall for the week. The FANG stocks, according to Seeking Alpha, gave up over $88B in market value last week, all in the face of some good news. Anyone...
