Your Best Offense In This Market
Clearly, in spite of the bulls’ protestations, supply has the upper hand in this market. I know the DOW and S&P
This Is Where We’re At In The Bull Move
Amazingly, just a few days ago,
the SOX and most other TECH proxies were poised to break out
of a cup-and-handle pattern.
Underweight These 3 Sectors
This tape is becoming about
as challenging as possible. The market has not had to deal with the threat
of higher rates in a very long time.
Some Very Important Points About This Market…
I suspect the
action we are seeing is just the first “shot across the
bow” in the group.
Why I Believe A Major Change Could Have Started…
It is a definite positive that all major indices are now back above their 50-day moving averages
Here’s Where I’m Finding Both Longs And Shorts
While the market is trying to figure itself out, I am finding both longs and shorts. I am finding breakouts in famous names like:
Take A Look At These Two Sectors
IF…the NASDAQ/NASDAQ 100 and the SOX do indeed break below their respective 200 day averages, I will go on to say that instead of being
Continue To Overweight This Sector
I believe the NASDAQ/SEMIS could bounce from here. I say this for 2 reasons. The first being that they have already dropped a decent amount
I’m Playing Defense Until I See These 5 Things
Until I see at least some of these characteristics, there is a simple procedure.
PLAY DEFENSE
Here’s Why I Watch Volume
If volume patterns continue the way they have been going, the market is going lower. You just can’t keep going up on light volume and going down on heavy volume.
My Latest Scans Make Your Job Simple
After doing my scans this weekend, your job is simple. Sit back and relax.
Seven Things You Should Have Done By Now…
By now, you should know that it is probably too late to
short this drop as just on price alone, stocks are oversold.
That does not mean the ugly intraday pattern doesn’t
continue…and for that fact, doesn’t just go straight down.
I