Do you know where your chair is? Or when to exit? Or what your stop is? The stock market picture continues to worsen and you better have a plan if you are an investor. And if you are a trader then you already know your plan…right? Continue reading
Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. If you would like much more analysis, Elliott Wave perspective and trade ideas, check out the membership page.
In this condensed version of the market analysis that I provide to my Insider Members I review the price action of the NYSE Composite Index (NYA). I also review oil, gold and copper.
I then check out a couple of disasters in Chipotle Mexican Grill (CMG) and Nimble Storage (NMBL) and another stock that is reinforcing the picture of a struggling global economy…United States Steel (X).
The stock market barely moved today. It was extremely compressed. In fact it is the most compressed day for the SPX in months. Many times extremely compressed days like this occur at or near turning points.
In tonight’s Weekday Market Wrap video we look at the market action today and then check in on Apple (AAPL), Adobe (ADBE), Apache (APA), Boeing (BA) and Alibaba (BABA). Continue reading
The stock market pushed higher every hour today creating a solid trend day in the market and probably ran more than a few stops on the SPX. The DJIA was up 247 points today with the SPX up another 33 points and the Nasdaq up 89.
Advancing stocks led losers on the NYSE 3.3 to 1 and the volume was even more impressive with advancing volume leading declining volume by 8:1. The market has made a strong 3-day move of 3%.
In tonight’s video I look at the price action and talk about current scenarios. I also briefly check in on all trade ideas. Continue reading
Powered by WishList Member - Membership Software