The Eye of The Storm
There remains very few edges in place coming into today. The market is going to move with Washington. If there’s no movement there will likely be a slow-to-moderate drip lower. Any progress will likely lead to a rally, especially based on yesterday’s behavior with prices moving higher from the opening. Despite the media’s hysteria, shutdowns […]
A Pause Amid Government Shutdown
Yesterday’s healthy bounce was expected and was in-line with normal market behavior. The next few days though could see “abnormal” behavior because as of this writing (late Tuesday night) the government is supposedly closed and non-essential activities, including this Friday’s Jobs Report have been put on hold. Everyone (and I do mean everyone) expects this […]
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Oversold at Last
Yesterday was the sell-off we’ve been looking for and discussing since last week. The market is oversold and due for a healthy bounce. Barring anything out of the norm (meaning absurd) from Washington, a healthy bounce is now due. Today’s Potential Opportunities on Further Pullbacks: Stocks XOM (Exxon Mobil) MKC (McCormick and Company) ETFs IDV […]
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While there is a wide assortment of products and books on swing trading purporting to be true swing trading primers, in reality they are filled with vague concepts on trading pullbacks and none teach you exactly how, when, and when to enter and exit your positions. The Swing Trading College is specifically designed to arm […]
Here Comes The Pullback
Friday I mentioned that “this pullback has been led by the wrong stocks and has been done without a blip in volatility. A news event may take prices higher here, especially as the upward month-end bias in prices is in force. But, short of that news event, a larger pullback would be healthier and more […]
What Happened to the Pullback?
Yesterday’s small rally leaves the market slightly oversold but my concern remains the same. This pullback has been led by the wrong stocks and has been done without a blip in volatility. A news event may take prices higher here, especially as the upward month-end bias in prices is in force. But, short of that […]
Expect A Volatile Reversal
The market remains oversold but it’s not quality oversold. The stocks they’re selling off are blue chip low volatility stocks (PG, JNJ) and high yielding stocks; a combination which is not a traditional formula for a large reversal higher. Add the complacent VIX into the picture and it all adds up to a picture that […]
Volatility Lull Slows Market Pullback
The market is remains oversold but not at levels that instantly inspire large moves higher. The lack of fear I’ve been mentioning since late last week continues in spite of the fact that the Secretary of the Treasury said the markets should be afraid of a government shutdown (one of the less educated comments made […]
Bernanke Confirms The Banana Republic
The SPX was +1.2% last Wednesday after Bernanke’s overt flip-flop surprise on the probable limited taper, which was essentially a choke because of how fast interest rates rose after the Fed floated that probability. It is just another example of the haphazard way in which monetary policy is being administered. The Fed/Administration policy has made […]
Bring On The Fear
The market is oversold. Ideally I’d like to see VIX levels higher as this would show there’s some fear out there but that’s not the case. A good solid down day is what the market needs in order to induce some fear and bring prices to levels that will lead to a substantial bounce. In […]
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