well, today we had very little movement which is normally fine, but the volume is quite light which tells me there’s a lot of people still on the side lines waiting for the market to tell them what to do. In my end of day analysis I had a few indicators come up with bearish […]
tough to do, but I’m told the pros ‘sell into strength, and buy into weakness’. Retraining your brain to act counter intuitively is sometimes hard. So, I am temporarily out of almost all long (and short) positions. We are so close to the upper descending trendline and 200 day moving average on all indexes that […]
Since my suggestion to buy on October 5th, we have enjoyed a 7.3% gain. Ironically if you hadn’t been in the market for the entire year and only invested over the past four trading days (from 10/5 through today), you would have blown the doors off 99% of all hedge funds, mutual funds, money management […]
today was another healthy push up with the indexes gaining between 1.5 – 2%. We have had quite a nice 3 days. With that said, I don’t trust the market yet. I’m not bearish, but I’m nervous and as a result I pulled some profit off the table today near the end of the day, […]
I was a little disappointed today with the strength of the move. Although we saw a roughly 2% gain in the indexes, I felt like there wasn’t much punch to the move. It was a nice gradual move up all day which I suppose is a good thing, but after such a strong decline, I […]
If you were looking for a time to put some money into the market, it might be now. Saw some serious strength yesterday at the close. The market was down over 2% and then rocketed up at the end. At the bottom it was the lowest point in over a year, then in the last […]
I am getting very skeptical of the movement in the markets. Today was kind an interesting play. the market opened up with a large gap (over 2% on the Russell 2000), then spent the day falling eventually to as low as -2%, then in the final hour the market rocketed back from the grave to […]
I moved one notch closer to the bearish side today. Although the market has had a nice run over the past three days, today spent the first half of the day rising, and the second half falling. In fact, although the market closed up almost 2%, It was up over 4% intraday and lost those […]
wow … tough day in the market. the day was gnerally trendless and boring until the FOMC speech and the market just tanked from there … lost roughly 3% in the last 1.5 hour. well, yesterday if you read in my blog you noted that one of my most reliable proprietary indicators came back with […]
today was a bit frustrating, we saw a nice upside in the morning, followed by the afternoon giving it all back and then some. The QQQ’s (the leading index during the past month) literally touched the upper channel that it was been in since the market bottom in August and then reversed. so, although it […]