Bull Market

The Reversal Indicator could break lower, as a major divergence pops up.  Notice that RSI divergence at the top of the chart? Not the best look for this market that is struggling to sustain momentum. I still think you still have to remain bullish on this market, but a hedge wouldn’t hurt here, for sure.

Early reversal on the indicator has the bulls feeling optimistic for all-time highs.  I’ll admit though, if we have to deal with this kind of chop fest on our way to all-time highs, it isn’t going to be a very fun experience that’ll be for sure. Money is rotating in and out of sectors and

Bearish reversal a month ago results in choppy price action since. That is often the case with the bearish reversals following a strong market rally. It offers the market a chance to consolidate price. So far, with the bearish reversal starting to hit the lower extremes of the indicator, anticipating a major price correction becomes

Bearish on my reversal indicator For nine out of the last ten weeks, the market has risen in a ferocious manner. Unhinged you may even say.  But this week has been quite different, and on the weekly chart the bulls are staring into the face of a bearish engulfing candle pattern. More importantly is the indicator

Equities are overbought and the Reversal Indicator Agrees We’ve seen for the past 10 years how a market can get overbought and stay overbought for a very long time, and for the past couple of weeks, the market has been extremely overbought, and there are signs that the buying is exasperated as indicated by the

My Swing Trading Approach I added one new additional trade to the portfolio yesterday while also raising the stops in my other positions. Still looking to be measured with any additional trades. I don’t want to be overexposed in this market.  Indicators

My Swing Trading Approach I booked profits in Adobe (ADBE) at $267.00 for a 2.9% profit yesterday, while also adding another tech stock to the portfolio. I am open to adding more positions today should the market continue on its current bounce of the last two days.  Indicators

My Swing Trading Approach I added one position yesterday in the leading sector, industrials, but only a small amount of my capital is being put to use here, as long as the market remains uncooperative in the short-term.  Indicators

My Swing Trading Approach No new positions for me added on Friday. Didn’t like the price action and chose to stay on the sidelines instead. This morning, I will be most interested in whether the bulls can hold the gap up, and I will be looking to add 1-2 new trades to the portfolio this

The Bulls have done absolutely nothing for themselves this week, and that goes back to Thursday of last week as well, when the 6-day sell-off began.  Obviously all the Trump headlines, tariff wars, and wage growth in this morning’s jobs number, doesn’t help matters, and while there is nothing novel about the headlines (they’ve been