If you’ve been watching the Voodoo Lines, you might have noticed that several major indices are approaching their upper firelines. This includes the S&P 500 closing in on 3,876.63, the NASDAQ 100 approaching 13,764.20, even the S&P 100 near 1,763.65. Over in Europe, the Euro Stoxx 50 futures are also approaching a Voodoo fireline at … Read more
I am starting to see a common pattern arise out there in the market which is generally bullish, but it can also hold for a long time before it finally takes off. Many tickers out there did an amazing job running up in early October, and I view this as a great sign, especially since … Read more
One topic that’s seen a fair amount of conversation here lately is how long you should hold swing trades. By definition, a swing trade is anything held at least overnight, but there’s a big difference in holding a position for a day vs. holding for 3 months. Ultimately the correct duration has several variables, but … Read more
The trading days surrounding the Labor Day weekend saw the market sell off hard. This was not a surprise as we had been seeing indications that the market was getting very extended. One way that I can detect when the market is ripe for a turn is by watching the UVXY. This is a leveraged ETF of volatility and can be a tool for hedging.
This week alone, I have heard the Trade War between the US and China was both close and far from being completed. Or was that just the Phase One portion? Wait, Phase One? When did that become a thing? I have been interviewed by two different media outlets a few weeks apart and each of … Read more