Tag Archives: S&P 500
Daily Market Intelligence 9/26/16
Daily Market Intelligence 9-26-16
Q & A Time
A question was put forward by a client: Why are you not just buying the SOX index with a tight stop? Answer: I am not chasing… I prefer chart pattern confirmation. I already have long equities via the short bonds! … Continue reading
General Price Action…Stocks
We’re going into the end of this capital flow in the next few minutes. Those wishing to be extremely conservative should take 25% of your longs off. The afternoon can be a whole new ball game. The market will need … Continue reading
OIL…SPU…GOOG
Oil just retraced 50% of the recent swing. You should not be looking for a trade in here. SPU… needs under 1298 for further loses. GOOG…This is the kicker today. You have a weekly double bottom @525.30. 521.18 is the … Continue reading
A.M.Look 6/27/11
There is a huge end game setting up for the end of the qtr. ( Thursday’s close). Last night’s lows in the equity indices are key levels to watch if the indices are to hold. We will be in wait … Continue reading
Recap..
A point someone brought up late today was that I had no position in the NASD.. That’s correct..However, many of you do have on all or some of the correlated trades whether it was short the Midcap,Russell,OIL, long dollars ect., … Continue reading
Recap…Big Picture
We lightened up or got out of most of our positions today. First they jammed a lot of people today during a very thin time of day after London’s close. Many weak market participants were run out of their long … Continue reading
S&P 500
We’ve been ostensibly out of all major long equity positions since May 1. We have caught pieces of both swings down in the stocks indices as well as some nice long side rides Mid- April into the first of May. … Continue reading
Teaching Moment
Not being one to put out my % of nice winners or wine about my losers I have no problem admitting a mistake. I am human and we all make them, it’s part of trading! If someone tells you different … Continue reading
JJG ETF
49.40 is the 200 day mvg avg in the JJG. We might not get into the better Fib zones which are lower. This trade could be a few weeks early but we have been waiting an awful long time to see … Continue reading