Market Notes: Futures are near flat at writing after initially surging into the green. The overall trend of the S&P 500 is currently down. Headlines appear and disappear constantly about a new stimulus deal but I’m very doubtful we will see one before the election. Rapid sell-offs keep have become the norm over the past …
Market Notes: Markets sold off sharply yesterday, never really finding any firm footing. Futures are higher this morning. Lower floats seem did well yesterday, I’m watching for a continuation today. One earning surprise: LOGI blew earning away as more people are buying webcams and gaming gear while stuck at home. I’m watching for any sympathy play in …
Market Notes: It’s earnings season! The banks kicked things off last week with mixed results. This week has a lot of big names reporting like NFLX, LUV, TSLA to name a few. The election is just over two weeks away as we all look forward to seeing furniture commercials once again. No major news on either of those fronts …
Market Notes: The dip got bought yesterday. It was a textbook gap and fill. The market opened way down but managed to recover most of those losses closing the day near flat. It’s now Friday and we are headed into the weekend with the election well underway in several states as early voting has begun. …
Watchlist: 10/16 Choppy Friday, Weekend Risk Off Read More »
Market Notes: Markets put in a second red day yesterday and are continuing to fall this morning. I’ll be watching the open to see if this dip is getting bought. A breakdown below the opening 15-min range will signal the bears have recaptured control of the market. New jobless claims are coming out at 8:30. …
Market Notes: The markets post their first red day in a week a massive surge upward. I’m watching the gaps from Friday to Monday to hold. If the gap fills it a good sign for the bears. Earnings season has officially kicked off. Banks are in play, BAC missed and GS beat. Futures are flat this morning after dropping …
Market Notes: Futures are mixed this morning after yesterday’s big gap up and surge. Once a window is open it’s hard to close. The market is showing extremely bullish signals right now. Lots of talk about overextended, overvalued, and uncertainty from the bears but no one appears to be selling. A great way to go …
Market Notes: I’m seeing more doom and gloom predictions in my feed this morning. Remember what Buffett says, “Be fearful when everyone’s greedy, and greedy when everyone’s fearful.” This market still appears to be head up. The VIX is dropping lower, a positive sign for the bulls. Markets are not logical or efficient. They move …
Watchlist: 10/12 Be Fearful When Everyone’s Greedy Read More »
I served five years in the United States Marines Corps from 2003 until 2008. I’m now a Marine veteran, so don’t ever call me a former Marine. That title, Marine, I’ve earned, and it can never be stripped away. I learned a lot during my time in the Corps and wouldn’t trade it for anything. …
As a day trader, you should be a student of the markets, reading books is the easiest way to start. Never stop learning from others, because the market is always evolving. Read other people’s stories so you can avoid making the same mistakes that have already been made. Mistakes in the market are costly, after …
