After today’s move I’m pretty close to thinking the Santa rally is real. Below is a 4hr SPY chart, drawings are from the last post (AB=CD). As of the close today it was at the .786 fib retrace (last high to last week’s low). If it holds then the origin…
One of the fatal flaws that many traders make is to take stock trading personally. Often, most traders and investors will trade a particular stock several times and become comfortable with the equity, which is fine, however, the problem that many traders and investor make is that when they lose on a trade in the [...]
With the S&P 500 index up 3.4% as I type this and the VIX down 7.8%, it is clear that there is a fairly substantial disconnect at the moment between those who are buying stocks and those who are trading options on the SPX. The picture is even…
The solar sector is finally participating in a rally. Throughout 2011, the solar stocks have fallen, even during great market moves to the upside. The obvious issue has been margin pressure and the problems in Europe. Europe has long been one of the biggest buyers of solar energy. Austerity measures have meant major cutbacks in [...]
For the average person who invests or trades, saying the news is garbage is a sin. However, it is proven over and over again to be the case. The news is nothing more than a way to take money from the bottom 99% and distribute it to the top 1%. Those at the top control [...]
This morning, all of the major stock indexes are surging higher at the open. The early rally is sparked by global central bank intervention, The central banks around the world will provide liquidity to the large banks that cannot borrow. We must all believe that the Federal Reserve Chairman Ben Bernanke is behind this move. [...]
This afternoon, the highly followed NASDAQ Composite is trading slightly lower on the session. This decline in the tech heavy NASDAQ comes as the Dow Jones Industrial Average and the S&P 500 Index are trading higher. It is important for traders to remember that the NASDAQ Composite traded higher by 80.0 points yesterday, therefore, today’s [...]
The week prior to Thanksgiving was the worst since 1932. This gives perspective on what truly is going on in the market. While the average investor was in panic mode and even institutions were lost in the horror of the market, we were slowly accumulating long position. Those long positions are paying huge profits this [...]
This morning, the leading retail stocks are trading higher. The important and highly traded Retail Holder Trust (NYSEARCA:RTH) is trading higher by $1.22 to $109.84 a share. This is a very solid move for the RTH. Traders should watch for intra-day resistance around the $110.00, and $110.50 levels. When the retail sector is rallying it [...]
At this time, gold and the major stock market indexes are synonymous. When gold rallies higher the major stock market indexes seem to rally higher as well. Gold is signaling to investors that inflation is being created by the central banks. As we all know by now, when there is inflation the major stock market [...]
