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 …
Morning folks futures up flat so far..Not much going on so far this morning. Traders are in wait and see mode. Nasty day yesterday I was pretty much completely wrong about the market. I figured any morning dip would get bought. Um no….we had a consistent trend day wehre market made new lows pretty much …
Mornin folks. Futures are slightly lower as traders are digesting some new data that just came out. We’ve had a nice run in the markets the last week or so including a confirmed break of the resistance levels we were looking at yesterday. Im fully back in trader mode keeping numerous overnight positions along with …