My Neck Hurts From all the Whipsaws!
The market pushed down most of the week and then had a powerful move on Friday. It shot itself back up to essentially even for the week. Support seems to be holding at the 6800…
The market pushed down most of the week and then had a powerful move on Friday. It shot itself back up to essentially even for the week. Support seems to be holding at the 6800…
The market broke lower a few times last week-only to recover quickly intraday. The resistance line is easy to draw. The support line, could be drawn a couple different ways. February is not a strong…
The market broke below the rising wedge and then came back to test it. The lower edge of the wedge is now acting like resistance. At this point, it is more likely to break lower…
Support and resistance lines certainly make sense to me. However, flags and other patterns less so. Mostly because I have not researched them as much. The market has been showing a rising wedge pattern for…
In general, I am incredibly skeptical of this market. However, the trend is up and needs to be respected. The stock market it incredibly overvalued at the moment by most measures. We all know what…
It was nice to take some time off. Note to self…it is hard to trade while traveling. It is better not to do it. Tracking is fine! January is not normally a strong month for…
Not withstanding the rally this morning, it looks like the bears are starting to take control. The market broke through support of where it has been trading for the past month or so. This morning…
The appetite to move higher seems to be waning. The market has been in a range for really the better part of the last couple months. It is a little concerning that the NHNL and…
So much happened that….nothing happened. The bulls and bears are still fighting to a stalemate. The hourly chart could not be more boring. It feels like this may be a buy the rumor sell the…
The longer the market stays stuck in neutral at the top, the more it looks like it may pull back a bit to gear up for another run. The trend is up and needs to…