So the pullback we were waiting for started Thursday. This raises questions about how far will it go, how long will it last, and will it be into strength or weakness? Whatever that may be, there are opportunities out there in both directions as we cashed in a nice short … Read more

We had a strong five to six weeks in the stock market and it’s due for a rest. I am seeing participation start to fall off and not a lot of setups jumping out at me. So let’s give the market some time to reset and refresh. Let’s look at … Read more

The market had a nice move up due to the Federal Open Market Committee (FOMC) meeting last week. Gold (GLD) did go, but it was a trap. GLD had already been running for a very long time and was not in a good place to go long. Here I will … Read more

Whether it’s a short squeeze or more buying, the market went up a few minutes after Federal Reserve Chairman Jerome Powell started speaking Wednesday. He highlighted the end of the Federal Open Market Committee (FOMC) meeting this week. Yes, there might be really negative economic data coming sometime in the … Read more

The SPDR S&P 500 ETF Trust (SPY) is starting to run into a previous high and all eyes are on it for signs of the bear to return. But if the SPY can hold up and even go sideways like the SPDR Dow Jones Industrial Average ETF Trust (DIA) did, … Read more

Microsoft Corp. (MSFT) had earnings and they were all over the place. Ultimately it opened with a big gap down, which got entirely bought back up. For now, I am seeing bullish signals and we will have to see how long this can run. Watch the video for more details: … Read more

The market continues to improve and there are many historical stats that say if the first five days of the year and the first month of the year are bullish, that bodes well for the rest of the year. Of course we don’t know the path, but things are looking … Read more

The stock market finally got the pullback we’ve been looking for. The question now is, “How far down will the market go?” We’re seeing a lot of participation in the market, so let’s discuss where we’re looking for price to go next. Let’s review this new market environment: Will the … Read more

The U.S. Consumer Price Index (CPI) report came out today, but landed on expectations so the market had a muted response. Not a bad thing, but the market had already been up for a few days and was at resistance. I think we can go higher, but I would love … Read more

The market was in a range for about three weeks, and then decided the data in the U.S. Labor Department nonfarm payroll report was bullish. There appears to be strength out there in many names, although you need to find them since so many other names are still hibernating or … Read more