My Thoughts on the Market

….It does not mean it will pullback yet. The market is up 12 out of the last 13 sessions. That is not common at all. The S&P 500 is now outside its +3 ATR channel.… 

The market has fully recovered and hit an all-time high. It has jumped 10% in the past 3 weeks, which is incredibly aggressive. I am skeptical it will continue much longer. We are now sitting… 

The market ended the week just above current resistance. If there is going to be any follow through, we should see it push back to all time highs. The rally last week was a bit… 

That was an entertaining day. Unfortunately, most of the gains were baked in before the market opened. For anyone sitting on the sideline, they missed out on participating in the big show. I was one… 

Stocks have a tendency to have more meaningful rallies during downturns. One of the reasons is short sellers don’t stay in their positions long and want to get out before a reversal happens. This leads… 

The market blew through support on Friday and did not look back. It is likely we will have a bounce of some kind early next week. On the hourly chart, the market is still following… 

Interesting couple of days. There was clear market manipulation by President Trump going into the market opening on Monday morning. As a technical trader, I normally don’t care about the news as much as how… 

Friday was an interesting day. It was the first triple witching of the year and it did not disappoint! The last hour was very active as it took a nose dive and then climbed the…