The Market must have known it was the day I post my bearish swing-trading list. Because the endless bid has disappeared and the bears are using the low volume nature of the market today to drive prices lower. I haven’t gotten short on any of these positions, but they are worth getting familiar with as
It’s another low volume day with very little conviction in either direction. I got smacked around in Boeing (BA) today following its production reduction. So my week didn’t get off to the best of starts, but the loss was managed well, and should be easy to recover from. Earnings will kick off later this week,
The Massive Market sell-off from two weeks ago meant nothing. I’ll be honest, that threw me off, not the sell-off itself, but the fact the market paid little mind to it thereafter. It is already a mute point with stocks now contemplating a run back up to all-time highs. I’ve put together a list of
No April Fool’s joke, the shorts are feeling the squeeze today on a low volume rally. Big move today for the market, as the bulls hit their highest price since October 10th. For most of March, the S&P 500 found itself trapped in a low volume chop, and while the low volume still persists, the
Apathetic price action in the stock market creating ideal swing-trading short setups. Bulls had everything going for them this morning to really squeeze the bears out of their positions. With a 1% rally right out of the gates, the bears weren’t too far away from being forced to cover their positions. But that didn’t happen,
Friday’s market sell-off was the shot heard around the world. It took me out of my three long positions, but all three for gains at least. However, rally attempts off the lows on Friday and then again today, has…so far… all stalled out, and I have yet to add a new long position in the
Should you be short selling stocks into their earnings report? Let me just tell you that shorting stocks is a risky endeavor, and if you are shorting companies into their earnings reports, you are setting yourself up for massive failure. For one, earnings reports are pretty much unpredictable on a large scale. Shorting into the
I’m not liking how extremely low the volume has been in the stock market lately. Sure, the stock market is pushing its way higher, but it is doing it very haphazardly to say the least. Stocks have little conviction, and the best of trade setups are simply spinning their wheels. The market is climbing simply
Some divergences starting to creep up You have sectors like Staples, Telecom and Utilities continuing to garner interest from the market, while others like Healthcare, Industrials and Discretionary have lagged of late. The bulls did manage to rally though resistance on Friday, and while off their highs today, are still holding on to the new support underneath – so far at least.
I’m not subscribing to the idea that this is a dead cat bounce In fact, over the last few years, there hasn’t been a lot of legitimate ones to consider. Instead V-shaped bounces are the new bottom and that is what we seem to have yesterday and today. But hey, “maybe this time is different!”