A lot different things going on in the market today. Analyzing the QQQ to determine if we’re in a new segment or continuing a topping process. Nvidia reaches overbought, but that might not matter. Netflix might be ripe for a trade.
New Segmented Rally in the Market? Read Post »
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Trade Alert: Reduced Apple hedge in Arryn Portfolio Read Post »
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Trade Alert: Trade Executed in baratheon Portfolio Read Post »
SPY/QQQ/DIA rebounding after 6 consecutive days of selling pressure. A rebound is to be expected. But neither the 6-days of selling was impressive nor is this rebound. So far, the market just seems to be in a funk. It doesn’t want to pull off the bandaid and just finish the correction nor does it seem eager to rally.
Market Rebounds As expected after 6-Days in a Row of Selling Read Post »
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Trade Alert: Position Closed in Lannister Portfolio Read Post »
A lot of volatile swings to start the new trading year. Correction risk continues to hang over the stock market for the month of January.
Big Volatile Swings to Start the Year Read Post »
The NASDAQ-100 (QQQ), S&P 500 and Dow all continue their topping process but the slower grind is increasing the odds for a double-bottom. We need to see volatility pick up or the correction setup could be substantially delayed.
Market Topping Process Continues as We Head into Year End Read Post »
Market’s near-term direction is a little unclear, though the bias is to the downside. Intermediate-term, it is still headed for a full-blown correction in January. That outlook hasn’t changed for months.
High Volatility likely to continue this Week Read Post »
In 6 out of the last 7 trading days, we’ve had a highly volatile trading days. With the markets having largely retested their highs — except of the Dow — we could see a correction and roll at any moment. It remains to be seen if we get follow through next week.