spy
WOW. Bulls Smacked Around Today
WOW. This was a good day to sit out of the market if you’re a swing or position trader. Of course, intraday, there are always moves and that’s exactly what the Boom Factor looks to uncover – intraday movers and possible new momo setups into swings. I did not participate in the market today, …
Turn the Corner? Hmmm. Careful
If I would have written this blog half way through the trading day, I would have been heavily bearish and discussing short setups and the need to run for the hills. However, now that that market has closed for the day, I’m starting to change my approach heading into Wednesday. One of two sceneries seems …
Market View 5/15/11
OK. So, where are we? The commodities have sold off quite substantially Earnings season has been generally strong, but signs of input costs crept into many of the conference calls. Ironically, the market has drifted down since the Osama news. The world is not and probably never will be a safe place – Syria, Isreal, Egypt, Libya, on and …