Category Archive

Good morning traders.  Some excerpts from the morning note I wrote this morning for Waverly Advisors: Equities: We do have a bit of a mixed bag coming into this week in the global Equities markets.  On one hand, our domestic markets seem to be set up quite well for another leg in the rally.  Microcap indexes have cleanly taken out … Read More

Good morning traders, There are two things you need to be aware of from a mechanical standpoint this morning.  First, today is Options expiration, which brings with it all the associated fun of potential pins in some of the big, active stocks.  (It does seem as though maybe the weekly options have somewhat reduced the impact of the monthly OpEx … Read More

Good morning traders, The market has spent the last 3 days in tight, textbook consolidation.  We have seen the typical and expected sector rotation as traditionally defensive sectors have slightly outperformed on the dip.  Healthcare, of course, has been in play due to the recent political maneuvering, and we have also seen Industrials hang on to a bit more of … Read More

When thinking about your market view, it is important to be very clear on your timeframe.  As most of us know all too well, it’s very common to be right on one timeframe, but to lose on the timeframe you’re trading.  From a longer-term perspective, there is a very high probability that this market is a buy for at least … Read More