The market doesn’t care about your opinion. If you have a problem with this, get over it. Today during our After the Open Review one our Newbs got a harsh tongue lashing for thinking he knew better than the market. This is a learning experience for us all. Iron Mike Mike made a great trade in KSS on the … Read More
Uncovering Intraday Relative Strength: A Clue to Market Sentiment and Direction
A look at how short-term relative strength can give insight into the power of the bulls vs the bears and future market direction.
Major Market Sectors and Money Flows
Adam “Aceman” Grimes looks at the money flows between major market sectors
The Market as a Handful of Stocks
The last couple of days I have been baffled by the market being defined by a handful of stocks. If you’re not in them you have no shot in heck of making any money. Honestly, these days I tend to have about 20–30 positions both on the short and long, market stocks, little stocks, and just about a piece on … Read More
What Type of Market Are We In?
We are in a downtrending market! What? We are in a downtrending market!! What? downtrend!!!!!! What does this mean for short term traders? Short stocks if they pop to previous support levels If the market trends up for two days then pray for a third day gap up so you can short the market!! Trade with less size as downtrending … Read More
Market Leaders Bounce Off Key Levels
This morning we saw some pretty heavy selling pressure for the third consecutive day. We then saw some of the leaders bounce from very important prices.