stock market
Market Wants To Go Up
Today I got faked out. I knew I didn’t have an edge this morning so I tried to wait until the market revealed itself. We opened higher and quickly reversed, so I thought it was time to short. I looked at Potash (NYSE: POT) to the downside but the gap down and [...]
No Edge
Right now I’m staring at the charts trying to see if I can find any type of edge going into next week. There isn’t one. The S&P closed at one of the two necklines for this head and shoulders pattern. Last week I said 888 was the neckline but others respectable technicians [...]
Head, Shoulders, Knees, and Toes
Everybody betting on the Head and Shoulders pattern developing in the market and at the same time it is working. I think this is one of the few times that a pattern so widely known is actually carrying out. But like they say, knowing is only half the battle. The key is [...]
Down Friday, Down Monday
Today was one of the worst days for the markets in the past 2 months. Even though the Nasdaq and S&P barely missed it, but the Dow was down on Friday and Monday.
“For most professionals, Fridays and Mondays are the most important days of the week. Friday is the day for [...]
End of Month Trade Ideas
While we wait for the markets to show it’s hand, there are a few trade setups that I am monitoring to see if they unfold. While the best case scenario is to trade in the direction of the market, I think these trades will still offer good risk reward.
Trade Ideas:
GOOG (Public, NASDAQ:GOOG) [...]
What Happened to the Late Day Rally
Hello expiration week and good-bye markets. We finally saw some much needed selling. I have been doing some intra-day SPY shorts the past two days but as a disciplined trader, I have to see support levels broken before going all out. I would not be surprised if we test the 50 day [...]
