There are many things I will never do. One of them is recommending a trade for the sake of providing content. That's the nature of the market and that's the nature of what I do. When price action signals a trade I'm on it. When it doesn't, I'm OK to wait. Please don't over trade. It's not a good idea. Think slow and steady. Be the snail not the rabbit. I admit to having CNBC on all day long but most of it is worthless in terms of what is important; making money by minimizing risk and how … [Read more...]

One month ago, on January 17th, I wrote "If you are a long term investor, like me, do not sell the Inauguration. Buy some more stuff. I'm going to." I did. See green arrow on SPY chart; that was January 17th. Kaboom. I try not to blow my own horn but "beep beep". S&P 500 Index ETF (SPY) daily SPY, QQQ and DIA continue to make new highs. What will happen in the coming weeks/months ahead? News Flash...NO ONE knows. The 2017 year end S&P500 price target predictions from the … [Read more...]

Energy ETF (XLE) daily ​​​​​​​ Currently up about 8%. Continue to hold. The recent pullback has bounced off support. Telecommunications Sector ETF (IYZ) daily Currently up about 11%. Continue to hold. Looking for price to trade up and through resistance. Post Holdings Inc (POST) daily Currently up about 15%. Continue to hold. Looking to clear resistance. India Index ETF (INDA) daily Currently up about 7%. Continue to hold. Looking to clear resistance; the downward wh … [Read more...]

Boring week on Wall Street in spite of all that is going on. My advice is to avoid the noise and concentrate on price action. The recent pullback is very normal. No worries. Continue to hold all open positions. Every now and then you come across something that explains your beliefs and/or strategy much more concisely than you could have. That happened to me today with this little beauty that came across my Twitter feed. I'm not even sure who wrote it, but it's pretty damn good. … [Read more...]

Everything is ripping higher. It's good to be right. It's better to know when you are wrong. I'm pretty good at that now. That one took me a long time to learn. It's really the most important lesson to learn. Hold all open positions. Adding to positions is encouraged. I have been. If you have any questions just email me and I will get back to you. Trade Smart, Don … [Read more...]