NFLX-weekly chart looks amazing. Looks like another test of the 20MA in play…bounce to over 300 in the next week or so?Follow the rules: Cut losses quickly; Don’t overtrade; Take profits/sell into strength; Don’t chase, watch for the pullback; Have a…
A little change in my style this past week. Actually trading SPY and GLD over individual stocks (with some exceptions—MILL and F). I’m scaling down what I’m trying to hold for intraday and/or overnight trades since I’ve always had problems look…
A little change in my style this past week. Actually trading SPY and GLD over individual stocks (with some exceptions—MILL and F). I’m scaling down what I’m trying to hold for intraday and/or overnight trades since I’ve always had problems look…
At this time the stock markets have been consolidating in a sideways pattern for nearly six months. The pattern appears to have completed or is near completion coincident with the development of significant watershed moments in the US and European debt situations. It also corresponds with the heart of earnings season (and the resolution of [...]
$ $ $The Debt Ceiling Day of Reckoning is Tuesday, August 2, 2011The ultimate issue is confidence in the full faith and credit of the United States of AmericaS&P 500 OVERVIEWS&P 500 The S&P 500 closed the week at 1292.28 on F…
$ $ $The Debt Ceiling Day of Reckoning is Tuesday, August 2, 2011The ultimate issue is confidence in the full faith and credit of the United States of AmericaS&P 500 OVERVIEWS&P 500 The S&P 500 closed the week at 1292.28 on F…
If the United States government raises the debt ceiling it will face problems down the road. If it does not raise the debt ceiling it will have to face some problems right now. Is there really a point in having a debt ceiling at all? Almost every administration in the past has raised the debt [...]
The U.S. Dollar Index futures (DX U1) plummeted lower after the second quarter gross domestic product(GDP) number was released. Normally, when the U.S. Dollar Index declines it will help to inflate the major stocks and commodity markets, however, today could be a different scenario. Stocks such as Freeport McMoRan Copper & Gold Inc.(NYSE:FCX), Cliffs Natural [...]
Has anyone looked at the airline sector lately? These stocks are simply falling out of the sky. This industry group has always been considered the red headed step child of stocks, however, these stocks have been decimated. The scary part about this sector is that despite the airline stocks being oversold and extended to the [...]
The markets are holding their collective breath as they look towards the vote later in the House of Representatives. John Boehner’s bill outlining budget cuts and raising the debt ceiling will be on the chopping block. This is ultimately the biggest vote the markets have seen since TARP passed in 2008. The reason why it [...]
