The last 2 weeks have seen an increase in distribution, and many stocks, including the major indexes, breaking support and major moving averages.
The market has clearly taken a bearish tone. Many companies reported blow out earnings recently, including AAPL and MSFT, and there was huge growth in GDP reported last week. But the market failed […]
I’m getting a late start and wont be posting charts tonight; I need to get some sleep.
I thought we could bounce today, but that didnt happen at all. Nonethless, I had one trigger early today in PCYC, which I day traded for a small gain. I was also stopped out of MGM for a loss; […]
It was a pretty weak day until late in the afternoon as stocks rallied a bit into the close. The S&P 500 bounced off a trendline, and since it is oversold, could move higher from here, at least for a short time, and maybe longer. The market rebounded from a similar situation in November.
I was […]
