The stock market is being held hostage to an out-of-the-blue news headline coming out suggesting that there is an agreement brewing on the budget. It renders almost anything we do or say about trading moot, at least for a day or two until the normal rhythm of the trends reassert themselves. The [Read more...]
Tesla open up over $133 this morning, 30% higher then when it was introduced into the Core Portfolio. Its impossible for me to gauge how many subscribers purchased TSLA at that time. Let’s look at some reasons why you would have passed:
(1) TSLA had already run up 200% in [Read more...]
With the new focus on the limited number of high-confidence trading models, it becomes easier for me to get out these market close reports before the actual session closes. This will allow me to address trades that are about to reverse, or are close to reversing before the end of [Read more...]
FSLR is running fast and furious this morning on fundamental news. i.e. strong forward guidance by management. The Daily Trend Model will surely reverse LONG at the close today, but such huge percentage runs will usually give back half before resuming back up. No need to panic into it, [Read more...]
SPX Hourly———–>New LONG
VXX Hourly———->New SHORT
Even though the market (DJIA) recovered about 100 points from early lows to the close, it seemed uneventful, almost flat. The S&P and Nasdaq never were down that much and SPX was able to reverse to an Hourly [Read more...]
XIV will trigger LONG on a close today above $23.50. XIV as been one of our most profitable Daily trading models. VXX Daily is in Short_Pending mode 90 minutes before today’s close and will issue a Short signal on a close under $21.02.
My preference is to buy VXX puts on a [Read more...]
We are approaching a new trading opportunity in oil. As you can see from the USO chart below, price is testing it’s trend line:
Over the next two days, we should know if USO is going to reverse SHORT (Buy SCO) or begin a new leg up (Buy UCO).
The [Read more...]
Both AAPL and GOOG have been strong market leaders since the bear market bottom in early 2009. Their Sell signals during this period were always reversed rather quickly as the stocks roared ahead to make new highs. They are both worth monitoring as “market indexes” in and of themselves. AAPL [Read more...]
SPX Hourly Trend Model——–>NEW SHORT—–>NEW LONG*
IWM Daily Trend Model———–>NEW LONG
*Three years of publishing this service and for the very first time we had an Hourly Model reverse SHORT and than back LONG on the same day.
Wednesday’s Market Analysis
Today’s DJIA went from -80 [Read more...]