The NASDAQ closed below its 50-Day MA on Friday, which could lead to more downside in the market.
We are entering a holiday week, and I am anticipating holiday style trading, which is stocks moving higher on lower volume. I am willing to take some chances on some solid looking charts, although there aren’t many. I […]
So much for the bullish setups I was seeing earlier this week. They all look terrible now, but thankfully, none triggered. The NASDAQ now sits above its 50-Day MA, but with the 200-Day overhead, upside looks limited.
I had posted some charts of USO recently, showing its run and need for a rest. I should have […]
I have been absent for a while, due mostly to being bored with the daily charts and bored with blogging about nothing. There have been few opportunties for momentum traders recently, unless your time frame is measured in minutes. I have had thoughts of closing this blog down. The last time that happened was in […]
