Will today be another Day of Infamy in the market. When Europe opened, it walked away from Friday’s gains in New York and went right back to where it left off trading the ES fucutures when Europe’s trading day ended. Apparently, they don’t think too mu…
About a year ago I began offering both long and shortsale swing trade chart picks as a (potential) value added feature to the usual general…
It’s bizarre, but tradeable.
Sometimes the mouth goes faster than the brain.
I chat with Lindsay Williams on his Strictly Business Podcast, once every couple of months. When I spoke with him on Thanksgiving Day I said something that I immediately realized was wrong. I said that there’s no way to know how leveraged the Primary Dealers are in their bond portfolios.
Of course, that’s wrong.
There are a handful of tentative short term buy signals, but… Here’s what to expect, and suggestions on how to trade the miners.
They ran it up to test the Pfizer day high yesterday, but couldn’t muster the troops to break through. Momentum weakened and there’s been a little selling this morning here at 4:30 AM New York time. We even have an uptrend channel break.
But supp…
A top isn’t a top until it breaks down. Many a would-be top pattern sucks in the shorts anticipating a breakdown. Then when it doesn’t break, they all start covering, triggering the next upleg.
The level to watch over the next few hours this morn…
Bears are wimpy. They can’t even stick to it for a whole day any more. Let’s face it. We’re pathetic.
In view of the liquidity outlook, I’m on the lookout for a support test in the first half of the week. Pre market futures suggest that the market is on track for that. The futures tested the 3600 area in the pre market.
The Dow loves 30,000 and the S&P loves 3600. Liquidity will be bearish until Thursday. And I’m working on a Technical Trader update that will lay out a trading strategy and chart picks for this week and beyond.