Price popped Thursday and Friday and you can see from the chart that resistance was tagged on Friday and ESRX closed just under this area; blue horizontal line. Express Scripts Holding Co (ESRX) daily We might get a pullback early in the week but momentum should boost price up and through resistance. Our first target is $77. All the best to you during this Holiday Season. Don … [Read more...]

On Friday, December 1st, the Dow was down about 350 in the morning. It doesn't really matter why...Flynn. The Dow closed the day down 40 points. It doesn't really matter why...tax reform. What matters is the massive recovery of 310 Dow points. This type of price action is usually quite bullish, especially on an intraday basis. S&P500 Index ETF (SPY) daily ​​​​​​​ Stay invested my friends. On another note...If I could sell short my golf game I'd be all in. Like the stock market … [Read more...]

My youngest son asked me today if he should buy more SPY. I told him yes even though price is way above support. Primary support is the lower upwards sloping white trend line. Risk is price closing below this rising primary support zone which is currently about 15%. This is a pure momentum trade. S&P500 Index ETF (SPY) daily I bought more QQQ last week for the same reason. Same with IWM recently. These trades are a tad outside of my comfort zone but the fat lady is still … [Read more...]