Well the bulls ran out steam, at least for today, as all the indices were down slightly except for the DJIA which was up 13 points. Oil was up nearly 5% today in what could be another leg up. Gold continued higher and the biotech sector got smashed again.
So even though there was a pause in the indices, there was plenty of action. In tonight’s Weekday Market Wrap video I look at what the price action, combined with our indicators, is telling us now. Continue reading
The latest trade ideas video is posted below. In today’s video I review trade ideas that were closed last week on CAT, BABA, SCTY, NFLX and SNDK. I then review open trade ideas on IBM, KORS, WFM, FEYE and TWTR. Watch list is also discussed. Continue reading
Volatility continues in the stock market as all the indices had a big bounce today. The DJIA was up 235 points and the Nasdaq up 102 points. This move led to another low reading on the TRIN and I talk about this in tonight’s Weekday Market Wrap video. Also tonight I look at the German DAX, Shanghai Composite and the Hang Seng index. Continue reading
In tonight’s weekly trade ideas video (below) I review all nine of the trade ideas that are open on CAT, FEYE, BABA, NFLX, SNDK, IBM, KORS, SCTY and WFM. Have a great Monday! Continue reading
The new Trade Ideas Video is posted below. In this video I review the trade idea that was closed on LUV, two that were opened on FEYE, BABA and one that is open on CAT. Two new trade ideas on NFLX and SNDX are also discussed. Continue reading
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