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 …
A few stocks I own and a few I’m watching. The market is nervous so I’ll play accordingly.
Every young man or even old man should use the summer for it does best to the human spirit. Love! In th midwest people are quite ornery for a majority of the year due to the Detroit Lions, 20% unemployment, 1 foot snow falls in the middle of the night. But come …
We are in no man’s land. The market touched up against the 50dma yesterday. It will attemp it today. Bottoms are a process it could take 3 or 4 touches before we get a break. Im noticing on the charts im looking in individual stocks that 99% of them are making lower …
Short watchlist as we dont need to be overtrading: If mkt runs down..keep an eye on some of the metals like gold/silver etc exk a bit tricky but its held its 50dma on multiple touches serving as support. a position can be taken on breakout or as close to 50dma as possible.. …
Yesterday we got a classic squeeze on the EU news. The action was inconclusive as we gapped and then ran right into resistance. Through my experience after such a nasty drop where the structure of the market has changed a break back over and through resistance doesnt happen on first try. Bottoms …