Finally, cooler weather... Broader Market Review It was an uneventful week except for some market confusion following the Fed announcement of a 25 basis point cut on Wednesday and the short lived spike in crude oil. Meanwhile the Dow continues its march higher towards the ascending yellow line (see chart) which is the upper band of the consolidation zone from early 2018. This is the level to watch. We are very close and how price reacts to this level over the coming weeks will be quite … [Read more...]

Happy Sunday, A potentially volatile week is coming up with Fed speak on Wednesday with the broader market so close to all time highs. Remember what happened the last time this happened? It was July 31st and the very beginning of the August swoon. Hold on to your hats. Broader Market Update The Dow Jones Industrial Average is less than 1% from the peak in late July, however, price is seeking the ascending yellow line (see weekly chart) which is slightly higher than the July all time … [Read more...]

Campbell Soup Co (CPB) daily It's up about 30% from my entry idea in January. Consider taking partial/full profits as it looks like it wants to trade back down to $40 or lower before resuming higher. There looks to be more risk to the downside than reward to the upside in the near term. Etsy Inc (ETSY) daily This looks like it wants to go to $38.35 before reversing higher. It has violated support and I think it's time to bail for now. Exit to limit losses. Will look to re-enter if … [Read more...]