Kunal Desai Futures pointing toward nasty open…we are off our lows but still not good. We are also not gapping down far enough to get the swoosh where a supreme dip opp exists. Right now we are in drip drip mode…slowly sucking away the will of traders day by day little by little. Everyday you have …
today was nasty..The market on the gap up reversed course. After yesterdays close a gap up is typical. The level and speed of the reversal was a bit surprising but in Down Trending markets almost all rallies are faded. As I mentioned in the blog in the morning I will be trimming …
Nice close yesterday…. Seems like a deadcat bounce but its hard to tell unless its in hindsight. For now ill keep playing this range we are in.. Load up positions on dips closer to 200dma and sell closer tothe 50dma. Easy enough. Still keeping more than 50% cash as we are in …
Quick look at a few stocks I’m watching tomorrow.
Market was down, so why did I take a chance on BCRX? The chart told me to.
Im out for today on business. As we expected from the beginning of the week. The market stalled right at SPY 50dma as it was overbought and the bounce was at much lesser volume than the crash. Bottoms are a process rarely do you break resistance on first …