I hear a lot of market commentators giving authoritative sounding reasons for what the market is doing, and what it should do next. These explanations typically get into the complex intra-market correlations of; the price of Oil, interest rates, the impact of tariffs,...
It is no secret that I’ve had a Bearish bias on the overall market. But the facts are; we are above the 200 SMA, above the Ichimoku Cloud and just broke above the sideways wedge formation that the market had been in for several weeks. This is Bullish, that is...
The S&P 500 and other major indexes are still stuck in a volatile range. In this week’s video, I show the technical analysis of this and key levels to watch for. Key update: We have to wait for clarity in the market direction. Not fun or easy, but that is...
Despite REALLY good earnings from important companies like; Google, Amazon and Facebook, the market ended up down overall for the week. The FANG stocks, according to Seeking Alpha, gave up over $88B in market value last week, all in the face of some good news. Anyone...
During the arms reduction agreements with the Soviet Union, Ronald Reagan famously said, “Trust But Verify.” This idea seems appropriate now, with the recent announcements from North Korea. There is reason for cautious optimism, but wisdom would dictate a...
“Tripping the Light Fandango” is an idiom for “dancing nimbly or lightly” and that seems appropriate for trading the current market conditions. With the recent volatility and unexpected moves, we need to be nimble in our trading, even more so...
