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Technically Bullish, But Protect Your Profits
The indices have crept further into extended territory, and technically remain bullish, but it’s this kind of territory where positions can be vulnerable to very sharp pullbacks, even if they’re temporary in nature. We haven’t yet had the increase in volatility that I’ve mentioned recently … But it will come, so protect your profits as per our EDGE Trade Plan, you’ve earned them! By the way, there’s a slight glitch with the blog archive today, which will be updated and fixed on Monday. Market Outlook: Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time. Bullish but with the caveat that the indices are overstretched. Again, we’ll stick to our trusted formula, ie. stocks that are bullish and close to their Key Levels (ie. not overbought). Watch the video
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Markets Dancing On A High Wire
Twelve weeks until our VIP Stocks Summit in London … It’ll be with us in a flash, and by then
More Volatility Is On The Way
An eventful four day week is putting it mildly! It started on Tuesday with the S&P and Nasdaq gapping down,
Indices Takes Labor Day Holiday Early
After the first four days of tepid upward action, the market decided to take Friday off for the Labor Day
Earnings Is Key
That was one of the tougher weeks in trading as many stocks retraced and whipsawed. The one more “hoorah” is looking precarious in this current upside cycle, and earnings will be the deciding factor. Many issues do look overbought, but
Yes, One More Hoorah!
Last week I leaned towards the market having one more “hoorah” in this current upside cycle. It was a tough call as certain indications were suggesting the markets were overbought, while my trusted indicators were not. So, obviously I’m rather
One More Hoorah?
Big Announcement … Next year’s OptionEasy Bootcamp will be in … ORLANDO on 20th-21st April. More about that in due course. For now, let’s talk about the markets! In terms of the broad market, this week I have a question
Still Juice In this Market
Another good week, and while there is still more juice in this run we are getting closer to an overbought situation – not quite there yet. A few more ‘monorail’ initial sell-off bars in evidence with several overstretched stocks, while
Still Not Overbought, But Some Stocks Showing Signs Of Tiring
This was a particularly good week, with many stocks performing very nicely indeed. But a number are now showing profit-taking or initial sell-off bars. Up to now I’ve been consistently bullish with some caution. Bullish was the correct direction, the
Further Room For Upside But These Are Still Not Perfect Conditions
Another good week for the Nasdaq, this time dragging the other main indices along meaning a broader based rally. So, why the “but”? Because there’s also a lot of ragged behavior out there. Because the Nasdaq and leading stocks are
S&P Poised For a Breakout, But Serious Obstacles Still Loom
The Nasdaq has lurched into even more overstretched territory, the S&P is poised for a breakout, the Dow is trying to find support, and the Russell is still stuck in its sideways channel. Manage your trades conservatively. Protect profits as
Big Tech Leads The Way, But For How Long?
The Nasdaq had a storming week, leading the S&P somewhat, but barely having any impact on the Dow and the Russell 2000. The markets The large tech stocks have led the way, but this is not a broad market rally.
Post Earnings Likely to Be Tepid
The major indices are all pretty much where they were 12-months ago, and with this earnings season limping into its last few days, the most likely outcome for the summer is more tepid performance. The markets Last week I said
Choppy Whippy Conditions Likely Until Post Earnings
A false breakout on Monday followed by three down days, and finally a gap up on Friday … That’s what you call challenging market conditions. The markets So, last week’s headline was that there was some limited upside potential but