morning folks. futures indicating a slightly lower opening as traders/investors still remain pessimistic about the economy. We did have a decent tradable bounce yesterday with all the major indices finishing higher. The close was a bit of a whimper but thats gonna be typical after such a losing streak as everyone wants to lock in …
Morning folks. Looks like we are going to have a slightly higher opening today as the spy is inching up .24% premarket. Not much else is going on premarket. We are currently in a bear market type trading environment (this is not a bear market) where even the smallest rallies get sold off and gap …
If we get a bounce tomorrow, don’t blindly load the boat. Yes, it could be the beginning of a reversal back up, but it might also be a trap and dead cat bounce. One of the ‘safer’ reversal approaches is to keep an eye on stocks that have a lot of visibility – the IBD50 …
Morning folks. Looks like we are getting set for another gap down today with the SPY down about .4% premarket. slv, gld, uso all down across the board. As you can tell by the action the last few days this is classic bear market or correction action. You get signs everyday of a bounce coming …
Morning folks futures indicating slightly lower open. This is no surprise as the market tends to just keep gapping down when you have broken key support levels. We dont have any major data points or catalysts this morning so expect traders to move this market back and forth.. my guess is we it will be …