Market Notes: I’ve been watching the rising level of support for the past two weeks. My theory is as long as it holds the market will continue to climb. Look close at yesterday’s close and you can see a clear break… Another change I noticed was my scanner … it dried up completely. I went …
Watchlist: 9/15 Stocks Breakdown … Bitcoin’s Bullish Read More »
Market Notes: The SPY and DOW squeaked out some gains yesterday after a long red week. The Nasdaq Composite didn’t fair as well but it held near even. That chart I sent out yesterday showing support worked perfectly. The dip was clearly bought below support. I’m watching for the turn today. A breakdown from here …
Market Notes: The SPY ended the week Friday with the fifth consecutive red day. It closed at the lows of the day and is touching the support level that’s held up so well for months. Here’s the latest chart with the same line from last week: Friday to Monday back-to-back red sessions are often indications …
Market Notes: The past week has been a little slow, the market has slipped lower but the volume is light and the volatility has remained in check. This morning futures are rising … I expect the gloom and doom predictions to end . I’m turning more and more bullish and considering adding risk levels back …
Market Notes: August and September are typically the slowest months of the year for stocks. In post-election years the SPY averages -1.4% and -0.5% respectively. (Thank you to Stock Trader’s Almanac for those stats) But 2021 is far from typical and the Fed continues to pumps cold hard cash into the markets. August posted a …
Watchlist: 9/9 September is for Lower Stock Prices Read More »
Market Notes: Futures are red again, nothing significant as volatility remains extremely low. The market remains more bullish than bearish at the moment. Very little news moving the markets this morning. Cathie Wood is saying everything is bullish from stocks to bitcoin despite the haters. I’ll be watching for the bulls to emerge this fall. …
Market Notes: We’re kicking off a four-day market week this Tuesday morning and futures just made a green to red move. A few interesting themes I’m watching are space and security. IRNT is a security play, making crazy moves. It could find some sympathy with lower-priced plays too… Elon Musk’s SpaceX is poised to send …
Market Notes: Remnants of Hurricane Ida have devastated parts of the Northeast including New York City and Philadelphia. High water rescue missions were conducted in Central Park. Long term the market doesn’t care about natural disasters but since the region affected is so closely tied to the markets watch for lighter volume today as the …
Market Notes: September started off in the green. More stocks are turning bullish from the slump we saw in August. ~60% of stocks are above their 50-day and 200-day moving averages. My scanner was full for a change with lots of stock breaking out of local and long-term ranges. Don’t ignore crypto … Bitcoin is …
Market Notes: If you sell in May and go away you come back in September. But traditionally this is not a bullish sign. As portfolio managers return from extended summer vacations they tend to sell the positions that have met goals and trim the positions that are underperforming. September marks the beginning of the business …
