This Bear Market is Not Over
The market action was weak on Friday, the first day of the new month, and that carried over yesterday as the SPX opened down. See why Kevin Haggerty thinks the current market action is just a bear rally.
A Simple Strategy with Powerful Results
Energy and commodities led the market yesterday with the XLE up 6% and the OIH up almost as much as well. See expert commentary from TradingMarkets’ columnist and veteran trader, Kevin Haggerty.
1st Hour Strategy Captures Index Decline
The major indexes took another hit yesterday with the SPX and QQQQ -1.9, while the INDU was -2.1 NYSE volume declined to 1.17 billion shares after more “derivative meltdown” news weighed on the market.
The Short and Long of SPX/XLE Trades
The $SPX hit the initial key price zone of 1289-1292 yesterday making a 1291.17 intraday high on the 10:40AM bar but then only declined to 1277.06 before trading sideways into the 1282.19 close.
The Keys to a High Probability Reversal
Apple loses over 10% after its earnings announcement this week, the XLE opened strong only to pull back, and Energy and Materials moved into positive territory. See what else Kevin Haggerty sees in the markets today.
Price, Time, Momentum, and a Short Squeeze
The Fed has finally caught on: monetary policy isn’t all that affects this economy. See expert technical analysis from on of TradingMarkets’ most prominent traders, Kevin Haggerty.
The Key Bear Market Reversal Zone
Here is an idea of what to expect following the Fannie Mae/Freddie Mac bailout plans and the government’s takeover of Indymac. Also, energies are up and its effects are already being felt on the dollar.
The Stock Market Casino is Open for Business
What has been the impact of recent trading action within the financial industry? See how the markets are performing through the eyes of professional trader Kevin Haggerty.
Anticipated Bear Market Cycle Low Zone
The $SPX took out the 1257 3/17/08 cycle low last Thursday and hit a 1252.80 intraday low on the 10:00AM bar. See what to expect from the markets this week from pro trader Kevin Haggerty.
Anatomy of a Key Price Zone Trade
Though the holiday weekend may be close at hand, there’s still plenty of trading to be had. This is what Kevin Haggerty sees in the market for this week, and it’s not pretty.
This is a Must Read for Traders
The $SPX rallied to 1328.75 on the 10:50AM bar from the previous 1314.29 close, and then drifted down until the Fed’s much expected no cut verdict.
The Catalyst for the Next Significant Rally
The option expiration, and more negative news from the financial sector Friday was too much for the market, as the $SPX declined -1.9. The $BKX was -1.2, while the leaders were the $HUI +4.2, and OIH +1.8. The $SPX closed the week at 1317.93.