Trading Markets

Job Report to Oversold

The job report took the market to oversold territory but the rotation on Friday exhibited signs towards a short term pullback with 7 of the 10 key S&P Sectors declining for the day. Should the market pullback today use it as an opportunity to begin buying. Today’s Potential Opportunities on Further Pullbacks: ETFs XHB, QLD […]

My Favorite Monthly

My favorite report, the monthly guess report for jobs, is predicted to be at 149,000. As we’ve seen the last two months (and I’ve consistently seen for over 30 years) the guesses have not been remotely close. Anything higher than 149,000 today will likely be met with new highs on the S&P. Anything substantially lower […]

Pause, Pullback, Buy

Yesterday I mentioned the market was overbought and due for a short-term pause. Most large 1-2 day upside moves are followed by “pause days’ and this is what occurred yesterday. The overall trend though is higher and any pullback should be viewed as an opportunity to buy. Today’s Potential Opportunities on Further Pullbacks: ETFs OIL […]

Good Move Yesterday

That was a good move yesterday reaffirming that the bull market remains in place. Daily Battle Plan subscribers should have locked in their gains in SPY on yesterday’s close. Today the market is overbought and due for a short-term pause but the long term trend remains higher and unless something very out of the ordinary […]

Extremely Oversold Situation

The markets are obviously extremely oversold heading into today. The early morning futures at 5:30 am ET have reversed the majority of yesterday’s losses as tensions ease in Ukraine. As I pointed out yesterday, this is a geopolitical situation and geopolitical situations always have a higher degree of uncertainty to them and many don’t simply […]

Tread Carefully Here

The markets are overbought heading into today but the situation in Ukraine will take care of that quickly. Pullbacks created by geopolitical events are often very choppy and historically unpredictable because one never knows just how far escalations will go. This situation on the surface appears contained to one region but with it impacting so […]

Janet Yellen – The World’s “Very Special Aunt’

That was a very good reversal yesterday from the pre-market lows and very typical bull market behavior. Janet Yellen has now become the world’s “very special aunt”; the one who always say’s the nicest things to you, gives you the best gifts, and you always look forward to seeing. The world markets very much like […]

The Market is Coiled

The market is coiled up and usually larger than average moves come from conditions like this. Many country funds began selling off yesterday and if the US sells off today it will be an opportunity to begin scaling into the pullback. Today’s Potential Opportunities on Further Pullbacks: DIA For a free trial to the Daily […]

New All Time Highs on the Back of Yellen?

The market is again in neutral territory. The upward month-end bias in stock prices remains in force along with the expected happy message from Janet Yellen on Thursday so prices will likely trade higher into her testimony. As long as she stays on course, there is a higher than average probability that new all times […]

Month-End Bias in Full Force

The market has moved from neutral territory into short-term slightly overbought territory. The upward month-end bias in stock prices I mentioned yesterday want into full force and it’s a very good sign to see that strategy continuing to work. A larger one-day pullback today in the US will place the indices into a buying zone. […]

2 Things to Monitor Monday

Good Morning. The market is in neutral territory but it has two things going for it right now. 1.       The upward month-end bias in stock prices kicks in beginning now. 2.       The overbought markets are the emerging markets including Brazil and India. These markets have been the leaders to the downside and if this is […]

Recent Behavior Creates Breathing Room

The market behaved the past two days exactly as bull markets behave with a pullback immediately followed by a rally. There’s also now more breathing room between prices and the 200 day which further tells us that this bull market remains in place. Should the market pullback again today it will put itself into the […]