It was another great week for the bulls and short sellers seemed to be punished extra this week with some spectacular moves in individual stocks. The video below takes a look at trends, key levels of support and different scenarios for the market. Markets trends … Read More
Markets continue to follow their “path of least resistance” and those who short (or buy $GLD) against the primary trend experienced another punishing week. The trend is your friend unless you fight it. There is a danger with a market which appears to be bulletproof … Read More
Markets continued to shrug off “bad news” and climbed the wall of worry into new high territory. In continuing with the constant theme of only price pays, ask yourself if your returns for the first quarter would have been better if you had not known … Read More
I have been mentioning the volume weighted average price (VWAP) for about 8 years and a lot of people have picked up on the usefulness of it from a short term trading perspective. In addition to day trading, the VWAP is also quite useful as … Read More
Markets showed some volatility this week but the mantra of “innocent until proven guilty” continues to be the objective way to look at the trends. Markets can correct by pulling back in price or they can correct through time. Time corrections are a period when … Read More
On Monday, I posted the chart below of the intraday action in shares of $AAPL I observed that traders should be aware of the intraday pivot levels when they are trading. What I didn’t expect was the number of emails I received requesting … Read More
Market volatility spiked this week and we now have fresh levels of support against which the health of the market can be measured going forward. The video below takes a look at the trends and likely scenarios for $SPY $QQQ $IWM $XLF $SMH and further … Read More
Shares of Apple ($AAPL) are still in a downtrend and the short video below outlines a potential scenario for a move down towards 415-420.