Well, most of the guys I track are EXTREMELY bearish on the market. They have been for a few weeks and with each day that passes they seem to get more bearish … which is why I am still am nervous and somewhat cautious right now. With that said though … today was another good […]
Interesting stuff in the market today. If you look at the chart for the day it basically opened WAY up and then spent the rest of the day selling off slowly. The day ended up basically at the close of last night. This is usually not a good sign since it couldn’t hold its’ gains. […]
What I mentioned a number of days ago still sticks … the market wants to touch the 200day moving average (200ma) … It’s getting close, but it isnt there yet.
We should know within 10 minutes whether the downside trend is finally broken OR if we will continue going down
Well, the bounce reversed back down in the last few minutes of trading … again … not a good sign. We might have about 1.5% percent to go down before bouncing … we should definitely get a decent bounce then. Whether it sticks is a good question
Time will tell, but it looks like we hit the bottom about an hour ago or we are very close to the bottom
Got out of more short positions today made a nice 17.42% return on it! The market is opening down this morning though … in fact I think it has given back all of yesterday’s gains. I know we have to be close to a bottom, but of course someone ‘might’ ‘know’ more than me about […]
Today is looking strong as if we might have put in a short term bottom, but the last 30 minutes of trading is sooo telling … need to wait for that to see what the big guys do, ALSO tomorrow is even more critical to see if the up trend continues or if more selling […]
Well the last 30 minutes was ALL selling. In fact, almost half of the day’s gains were dumped in the end. Still a strong day, but not the greatest sign when you see that strong of a change in the last few minutes. I will know more in the morning after I crunch numbers tonight […]
Good morning. I actually shorted again before the market open today. We had a ‘gap up’ this morning (meaning the market opened above what it closed at yesterday) and there is unfortunately still weakness out there. With that said, most of the big guys are waiting for a bounce and surprised we haven’t seen it […]