A pretty ho hum week in stock market land. Well kind of. I like price action globally. Continue to hold open positions. I mentioned REG, Regency Centers Corp, in my notes from last Monday. Regency Centers Corp (REG) daily It popped 8% in the last four trading days. Risk is a bit high considering such a big move off trend line support. You really have to risk about 10% to let this one run. If you don't want to risk that much then you can use the first support level as you … [Read more...]
Good News, Bad News
Good news...14 out of 15 open trades are up. Bad news...no new trade opportunities as of today. I do have REG, Regency Centers Corp, on my radar though. Regency Centers Corp (REG) weekly Looking for a bounce off primary support this week. Price is off by about 24% from a year ago and appears to be ready for another leg up. I'll let you know. On the other hand. it's time to capture some gains with EWU. UK Index Fund ETF (EWU) weekly It's time to close and cover EWU short … [Read more...]
250% Bull Market
This bull is eight years old today returning over 250% from the bottom. The Dow, S&P 500 index, Nasdaq and Russell 2000 continue to make new highs. Dow Jones Industrial Average ETF (DIA) weekly S&P 500 Index ETF (SPY) weekly Nasdaq (QQQ) weekly Russell 2000 Index Fund ETF (IWM) weekly Prices do feel lofty at these levels but these indexes are only up about 10% in the past two years and most of that gain just occurred in the past four months. So, no … [Read more...]
The Nature of the Beast
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...]
Happy Presidents Day
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...]
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