The market dynamics are changing
The character of the market is changing and your approach should as well…
2 reasons why the market may be forming a top
At the October 16th high there were 247 new highs and 31 new lows on the NASDAQ…
Tuesday wasn’t great, but the market’s still strong
One big positive about the market lately is the improvement in breadth numbers.
Focus on the long-side
The index action remains strongly positive. Each pullback over the last two months has been shallow and brief.
Focus on what’s most important
As far as the market goes, this rally has me stumped…
I’d love to be bullish, but…
As I do at the end of each month, here is a breakdown of some things I’m looking at.
Only trade when the odds are favorable
The market has continued to march steadily higher despite being overbought…
Downside risks are still much greater
As many readers know, I have been skeptical of this rally for some time…
Don’t get over extended
The rally over the last two months, and especially since mid-August, has been impressive.
When you are wrong, admit it and move on
One thing traders must learn early on is the importance of admitting when you are wrong.
Where’s the momentum?
As I do at the end of each month, below are some of the market indications I am looking at…
Focus on individual stocks, not the broad market
After running up sharply a couple of weeks ago, the indices had what appeared to be some good looking low-volume consolidations last week.