The market was able to hang on to the gains from the gap up opening this morning and even closed above the open. The Nasdaq closed clearly above its January downtrend line while the S&P 500 is just a hair over its downtrend line. I’m not seeing much that sways me into either [...]
The choppiness continued on Friday as the indices fell below Thursday’s lows and stayed there all day until a last minute surge of buying pushed them back into the recent range. Right now, in the pre-market, the QQQQ has gapped up and is hovering right around the highs of the last few days. [...]
IBD has been running a series of articles about when to sell stocks. For those that have read “How to Make Money in Stocks” this is nothing new but the articles may be a good refresher course:
Selling Short Can Work - With The Right Rules, Stocks - essentially an ad for “How to Make [...]
We had another choppy day yesterday which, once again, left me unimpressed with this bounce attempt. The indices look like good shorts to me under yesterday’s lows.
Currently holding:
Panera is a popular stock right now as it powers to new all-time highs. MaoXian chose PNRA for his chart of the day today. Garry sent me an email asking if I thought PNRA’s run was over or if now is a good time to get in. You all know I’m going [...]
Yesterday we got some follow-through on Monday’s buying. The indices managed to close above Monday’s highs thanks to a late day surge. This bounce doesn’t seem very convincing to me right now. That’s mainly due to the amount of churning that I see during the day. I want to see how [...]
I know the west coasters aren’t happy about this and count me as one east coaster who doesn’t like it either. I vote for shortening the trading day.
NYSE Considers Plan to Open Earlier, Thain Says
Jan. 26 (Bloomberg) — The New York Stock Exchange is considering a plan to open trading by as much [...]
The market’s gapping up again today. Yesterday’s gap held but it got a little dicey late in the day. I’ll be interested to see if the bulls can push the indices above yesterday’s highs.
Currently holding:
Loren sent me a message last night asking if I thought NSC was a short after the plunge it took yesterday. Before today’s session my answer would have been “yes, as long as I can find a good entry point that gives a good risk/reward”. Had I jumped in yesterday I probably would [...]
I got an answer from StockCharts.com about their QQQQ data but I’m still not happy!
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