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 [...]
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) [...]
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 [...]
Today was the second day where the market traded in a tight range (Two doji’s on the S&P daily). Right now it seems we can not get above the January highs on the S&P. The 950 area can also be viewed as the end of the ‘V’ shaped rally where the Jan highs [...]
Today the market stayed above the 200 MA for the second day straight. On the last post, I discussed that if we close above the 200 MA on the daily S&P chart, then this would be very bullish for the markets. Well we did just that, however we need to stay above this [...]