The bulls are right on the cusp of new all-time highs on SPX But the breadth divergence is the worst I’ve seen in a very, very long time.Â
The bears are trying to extend the sell-off into a third straight day. But let’s be frank, the selling is hardly anything to get concerned with at this point, there is little volume to it, and the VIX indicator is hardly moving either, as it still sits in the 12’s.Â
Here’s this week’s installment of my swing-trading ideas that I consider to be bearish I had one short position this morning that I had initiated yesterday. It didn’t take long before I went ahead and closed out that one. The market simply wasn’t going to have anything of it today, despite a promising sell-off after
Going through my list of short setups, has been interesting. Usually when weeding out the good from the bad, particularly in a market where the bulls have price right at or near all-time highs, I find a lot of failed setups. And that is to be expected in a bull market.Â
The market right now is not conducive to the bears. Getting heavily short right now, is certainly a fool’s game.Â
I’m not even sure I understand the title of the article, but hey, I provide you with a bearish watch-list you can trade from every week, but just because I provide you with one, doesn’t mean you should be making use of it. Right now is one of those times. Heck, I don’t even know
The bounce is happening today, as I had a sneaky suspicion of yesterday, when I closed out my SPXU trade for a quick 1.8% profit. It doesn’t sound like much, but hey, I don’t write the checks – the market does, and if that is the most it wants to give us for the moment,
Yes, the Boy Scout in me, still has me compiling a list of them. Actually though, the list has been on fire, and I've even removed a number of them, simply because they have sold off so much since being on there, the idea of getting short them at this point, makes absolutely no sense.
Look, I’m not going to ‘poo-poo’ on this market rally today, but let’s face it: Apple (AAPL) reports after the bell today, and we know that earnings in the technology sector haven’t been the best. Sure Amazon (AMZN) had a momentary pop and Alphabet Google (GOOGL) soared, but then you have the unexpected floggings in Facebook (FB) and Netflix (NFLX).
If you are a bull today, then today frankly sucks. The trading sucks too. I came into today, wanting to add some more long exposure, and even do so aggressively. I ended up only adding one new position to the portfolio, and even that one I regret. Not because I didn't follow my trading plan,