OK so let’s start with a little context. The market has been very strong. We are up close to 40 percent from the bottom. We are in an uptrending market. In an uptrending market we buy pullbacks. And today was a perfect example. Let’s discuss. I am gonna make this short. But our very own JToma was on CNBC’s Fast … Read More
Quick Nighttime Thoughts – The Turn On The Way?
The market has been offering a few clues about a possible pause in the rally run we have had over the past 4-5 weeks. The financials have been a leading sector and I wanted to point out a few things. As I discussed in our AM Meeting, there seemed to be a blow off top in the XLF and IYF … Read More
The Box vs. The Big Picture
I was at the office Sunday doing some admin stuff and working on some trading prep for this week. One of our senior traders was at the office reviewing some trading videos as well. He had a question for me about how he could trade the large reversals we have been seeing in the market more effectively. He is a … Read More
What to Trade These Days
As Bella pointed out, last Friday was difficult. There were so many reversals that it was frustrating to trade any stock. Market stocks overreacted to moves in their corresponding futures and levels were not respected. I lost on so many fade trades in which I would buy a stock that quickly retraced to a support level and continued going lower … Read More