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Building Blocks for the Bulls 27 Jul 2012 | 11:47 am
In the face of bad earnings from AAPL and ZNGA coupled with overall negative sentiment, the market squeezed higher today much to the chagrin of cocky Bears. The bounce I have been suggesting for a fe...
The bounce is set 26 Jul 2012 | 04:19 am
The bounce play I talked about yesterday evening has set up nicely and I am positioned accordingly (see update chart of the 15-Min SPY below). I believe that the risk is to the downside here and have...
Looking to play the bounce 25 Jul 2012 | 08:51 am
Markets slid hard today throughout most of the day but did attempt a come back toward the end of the day. This bump during the last hour will likely be faded early tomorrow as AAPL missed earnings an...
Don’t mess with Mother Market 24 Jul 2012 | 04:30 am
Markets had a half decent down day today although the low for the day was set 22 minutes into the trading day. The rest of the day was spent grinding higher. This morning I made a comment that if we...
Week 29 in the Markets (2012) 23 Jul 2012 | 10:22 am
Wheezing the Juice 20 Jul 2012 | 06:19 am
For whatever reason, this market cannot seem to get the upward breadth thrust on large volume that I am looking for to start getting a bit more aggressive with my positions. I am noticing a few more ...
Stick and move 19 Jul 2012 | 07:00 am
Markets continued their upward swing from the support level we talked about last week led by the QQQ (Nasdaq). I get a feeling that the sentiment is excessively bearish and this slow upward grind fro...
Hammer Time? 18 Jul 2012 | 11:04 am
Bulls made another strong showing with a decent close given that the market was down early and the Twitter-sphere was rampant with Bears proclaiming victory. One thing this market has proven is that ...
More range bound action 17 Jul 2012 | 11:37 am
What more is there to say in this type of market? Excessively negative news cannot really push this market down and, at the same time, the bulls cannot put together a decent rally. Add to that low v...
