The market had a pretty rough day on March 3rd, but your accounts probably already told you that. I know mine did when all my stops got hit over the course of a few days. And with all that fresh cash burning a hole in our pockets, I know we were itching to put it … Read more
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.