…but there is only ONE reason to buy. As investors/traders we don’t need to know the reasons for selling nor do we care. As the title says there are too many to count. Just acknowledge and embrace it. Europe? China? Slowdown? Politics? News? (click here) No matter. Therefore, our job is to best identify when [...]
While the market melts down we have been busy racking up the wins in the triple financial bear, otherwise known as the FAZ. We’ve hit this for BIG 300%+ wins a couple of times this month on this vehicle while the banks crater. I like the action on this issue as it ramps hard and [...]
As a chart reader I am constantly looking for areas where markets will turn around, noted support and resistance zones. These demarcations on a chart help me to identify where much of the volume lies at certain prices and gives me a great idea of when to enter or exit a position. However, I qualify [...]
Quite a bit of uncertainty still even with the amazingly one-sided action for the month of June. With seven days down of the first eight trading days, this start is the worst markets have seen since Oct 2008. It was just after that drubbing markets went into a tailspin and did not finish dropping until [...]
This Is Where It Gets Difficult
Tough market, isn’t it? It wasn’t long ago when the day started out positive and got stronger as we headed toward the closing bell, the result of a broad participation rally. Now we have but a handful of stocks rising smartly and the hope that our markets don’t crumble from weak knees (see chart below). [...]
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