Stock Market Video Analysis for Week Ending 8/30/13

If the weatherman said there was a 60% chance of rain you would grab your umbrella. With markets below declining moving averages the intermediate term outlook remains stormy, why would you want to buy? Wait for evidence from price action before you put your hard earned capital at risk on the long side. The video … Read More

Stock Market Video Analysis for Week Ending 5/10/13

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 only end badly for those who fight trends, chase trends … Read More

Stock Market Video Analysis for Week Ending 4/12/13

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 and that is complacency. Complacency sets in when people believe … Read More

Market Thoughts for SPY, QQQ, IWM, XLF 4/9/13

$SPY- held above the key level of 15325-15350 and surprised many (including myself) to rally up to new highs. Short term it is extended and 15550-15600 looks like it should be support. More proof that the benefit of doubt goes to buyers when market is above rising 50 DMA and holds important support levels. $QQQ … Read More