The Financial Sector ETF (XLF) is looking very interesting as long as it can hold rising support. Today I examine XLF and a few of its components. For a few minutes of pure bliss, watch the video here. Trade Smart, Don … [Read more...]
Bull Trap or Just Bullish
It sure looks like the S&P 500 Index is bottoming. Price has popped off rising support from the bottom in 2009 and is ripping higher. Is this the bottom or is it a trap? Check out this weeks video update below. Trade Smart, Don … [Read more...]
Are Stocks Starting to Bottom?
What a week. What a month. Is the selling over with? This week is a video update. Click here to watch this weeks update. Trade Smart, Don … [Read more...]
S&P 500 Index at Rising Primary Support
We really have to look at the monthly chart of SPY to see the magnitude of the drop this month, er, three weeks. One more week to go yet. Price has gone from above the rising channel from 2009 to practically the bottom in very short order. S&P500 Index ETF (SPY) So far, the third worst December since 1900. Stunned is probably the best way to describe it. The selling is relentless. Just steady and heavy selling into any slight uptick. Not panic but a thick blanket of fear permeates the … [Read more...]
Truckers, You Are Not Down Yet
I remember the first time I drove down into Denver on I70 from the west. It felt like it took forever to get down. And, it's steeeep. The warning signs are posted one after the other when you get down near Evergreen. "Truckers, You are not down yet", " Are your breaks adjusted and cool?", "Trucks, Don't be fooled 4 more miles of steep grade". That's what the market feels like. It ain't over yet. We aren't down yet. Don't be fooled. But, we might be close. Friday's close took the S&P 500 in … [Read more...]
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