Sell in May and go away? Not this year! There is nothing wrong with being aware of seasonal trends, news or opinions of experts in the media but it is all noise if price action doesn’t agree. The market is our master, we need to listen objectively to its message. Everyday in Alphatrends we focus … Read More
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
The markets finished out another positive week and the message is clear, buyers remain in control. I know a lot of people say this rally is “just because of the Fed” and that may well be the case, but when you transfer trading profits out of your account no one asks why you were successful. … Read More
Markets got the bounce we were looking for and now we have some key levels to watch for potential short levels. The time is not right to short still, the video reviews what it would take to see another leg lower and levels it could drop to. Be aware of all potential scenarios, choose the … Read More
Markets saw some profit taking and the near term outlook remains cautious within a primary uptrend. All year the pullbacks have been bought, will this time be any different? The video below examines key levels of support for this market to hold in order to hold off a more dramatic decline.
I will be out for the remainder of the week, the video below takes a look at key levels of support and potential market scenarios for the rest of the week. The uptrends remain intact, it still doesn’t make sense to be short.
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
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
$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