Tag Archives for " trading "
The market pulled back on all the indices today. It’s almost as if it is teasing the bears. It has done this stair stepping process higher for several weeks now.
But there may something a little different this time and I discuss it in tonight’s video. I also briefly look at Michael Kors (KORS) which was up 8%, Mosaic (MOS) which was down 8% and Netflix (NFLX) which was up 4% today.
After the market closed, Facebook (FB) reported earnings and the stock was up about 3%. FireEye (FEYE) on the other hand was trading down 14% along with Whole Foods Market (WFM) trading down 6% in after hours trading. Continue reading
The stock market continues to push higher with the DJIA up 89 points, the SPX up 5.7 and the Nasdaq Composite up 18 points. Oil was higher today and positively influenced our two trade ideas on Apache (APX) and Chevron (CVX).
In tonight’s video I look at today’s market action and talk about a revised scenario for gold (GLD) that seems much clearer to me. Continue reading
In today’s trade ideas video I review trades closed last week on Goldman Sachs(GS), Celgene (CELG) and Netflix NFLX). I then review trade ideas on Whole Foods Market (WFM), Apache (APA) and Chevron (CVX) that are open. And lastly I look at a new trade idea on Twitter (TWTR). Continue reading
The stock market closed out one of it’s best months in a long time with the S&P 500 (SPX) up 8.3%. Bulls are licking their chops. But after the very violent move down August and again in late September, a strong snap-back rally fits the Elliott Wave count perfectly.
There are several dynamics at work right now and I talk about all these in today’s Weekend Market Analysis video. In addition to the daily charts we look at the weekly and monthly charts today. According to my Elliott Wave count, it is time to fasten your seat belts. Continue reading
The stock market might be hitting a wall of resistance. I’m talking about the huge overhead supply from the trading range that occurred from March into August. When you look at the chart of the S&P 500 (SPX) it is now right in the middle of all that.
Given how far and how fast the market has come since September 29, I think there is a good chance that all that overhead supply is now going to come into play. Also given that the Energy ETF (XLE) and some of the oil stocks look they are trying to bottom, I am wondering if a geopolitical event is about to occur that will affect oil positively and the stock market negatively. Continue reading
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