Another day with huge range and big volume. SPY, the SPDR's S&P 500 Trust Series ETF recovered about half of Monday's losses. The Dow had similar price action. The SPY daily chart shows price traded down into support (upwards sloping blue line) and bounced exactly on this support level and proceeded up from there. The Dow (DIA) looks the same. SPDR's S&P 500 Trust Series ETF (SPY) daily In fact, all open positions are bouncing on pretty good support. If price can work … [Read more...]
Holy Crap Batman
Price action today was extreme to say the least. Machine trading gone mad I think. I expect more pain but we can't sell into this as it will probably turn on a dime up 500 points on the open soon enough. Keep your longer term perspective in mind. Many price levels are nearing or on support so I don't expect this nonsense to last too long. I'm looking forward to a buying opportunity when this madness settles out. Trade Smart, Don … [Read more...]
Stupid Stock Market
Days like Friday make me sick to my stomach. It would have been so much easier to erase 16 days worth of gains in a slower fashion. Say, maybe slash 1,000 Dow points over a few weeks. Why the rush to take it all away in a week and most of it gone in one day. Stupid. There is no predicting this kind of move except to say they happen every so often. So, now what... SPDR's S&P500 Trust Series ETF (SPY) daily The daily chart shows Friday's close right on top of short term support, the … [Read more...]
This Ain’t No Random Walk Down a Rocky Road
Most country stock indexes across the globe are still powering higher, even Canada, eh. Continue to hold the stock index ETF's that I have recommended. You can find these on the web site in the members Trade Alerts page under "Open Trades". Energy has reversed over the past few trading days after hitting within six cents of the high made on December 12, 2016...see the blue horizontal line I drew in prior to the reversal. The symmetry that occurs over and over in equity price action is not … [Read more...]
[Trade alert] Energy Continues to Rip
What's on the docket for today? A trade alert, A couple potential opportunities on the horizon, And a quick check on our XLE recommendation. Let's get into it. KBR Inc (KBR) weekly Price just cleared resistance (green horizontal line) which is now support and is approaching higher resistance (two yellow lines). A good three year base from 2015 through 2017 should provide a good foundation to continue higher. Next hurdle is clearing $24. I'm rating this a buy. HAL an … [Read more...]
- « Previous Page
- 1
- …
- 38
- 39
- 40
- 41
- 42
- …
- 62
- Next Page »