Trends remain higher and levels of intermediate term support moved up once again this week. I will be out on Friday and the video below outlines key levels of support for the market to hold for the buyers to remain in control. As emphasized in … Read More
The markets tested and held key levels of support and the market surged higher once again. Picking a top is a suckers game and panicking out of long positions while the uptrend remains intact is a frustrating experience. Learn to listen to the message of … Read More
The markets sold off down to key levels and, while the primary trend remains higher, the intermediate term trend tells us that it is a good place to become cautious. It appears that the markets could see some further selling this week and the video … Read More
Only Price Pays! I repeat that phrase all the time because I constantly see comments on stocktwits, email, etc that tell me why the current market action doesnt make sense. The past couple of weeks I have been hearing that the markets had topped and … Read More
Support broken tends to act as resistance. The video below of $AAPL takes a look at the scenario of failure from these levels and a potential “bear trap” reversal.
When a stock is in a downtrend, it is considered “guilty until proven innocent” Shares of $AAPL are in a clear downtrend and picking a bottom is one of the most difficult jobs on Wall Street. There have been some great bounces in the decline … Read More
The last couple of weeks of December are typically quite bullish, but markets don’t always do what they are “supposed to do.” We can gain an edge by studying historical patterns but when it comes to making a trade we need confirmation from the price … Read More
Sellers are in control of $AAPL (down 27.7% from the all time high to Friday’s close) and people have been slaughtered trying to pick the low of the pullback. Picking tops and bottoms are the most difficult job on Wall Street. With Apple, a whole … Read More