morning folks. futures slightly higher this morning with the spy gapping up .2% so far. slv, uso, gld all down. Last week was an easy week to trade for the most part. We often talk about “follow through” when we break supports and resistance areas. In the past as we dipped thats the one thing …
In a tough market that seems to sell-off almost every day now, it’s good to look for what sectors, or sub-sectors are holding up well against the broader markets.. one I found this weekend is Health Care Plans – the Humans of the world. Here are the top players in the industry that you might …
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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 …