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 [...]
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 [...]
One of the most known facts in the world of entrepreneurship is that 50% of businesses will fail. A recent study done by the Small Business Association (SBA) showed that 66% of businesses make it past the first two years, and only 44% make it past the first four years. One thing that [...]