The market will not go down. I have been doing very short term intra-day trades and they are too quick to plan and blog about so I have not been doing so. I really like to give readers a bigger picture thought process and some trade ideas that take a while to happen. [...]
For the past 3 days we have seen a lot of resistance around 1000/1007 level on the S&P. Is this the top before we pull back? I believe so. The talking heads believe that if there is a pullback then it will be shallow. Many believe 950 on the S&P or [...]
The S&P rallied from mid-March straight up and hit a high in June, then traded sideways looking like it wanted to break down but then rallied to a new high mid-July…sounds familiar? Well this is exactly what happened in 2007 in the S&P. Once we broke to a new high in July sub-prime [...]
Right now, I’m looking at Apple (Nasdaq: AAPL) beat earnings as the stock goes higher in after hours. Today we broke to a new intra-day high along with a new closing high. After this huge run up, I am looking at this week’s close to see where we are headed next. A [...]
Monday I talked about how the markets wanted to move up and that’s where we should go. Why didn’t I stick with my guns? The indicators indicated more upside but I didn’t listen. We failed to move up significantly after the Goldman Sachs earnings release and instead of seeing yesterday as a [...]
I know yesterday I said the market seemed like it wants to go up, well it did. Now given the after hours moves from a positive Intel earnings, I think it’s now time to head lower. The hourly charts are overbought and ready to turn and tomorrow mornings gap up will set up [...]