Category Archives: Trading Opportunity

How to Trade the Markets Into Month End

Stocks caught a bid yesterday, breaking their downtrend (blue lines in the chart below) and closing the gap from mid-May… the S&P 500 is now challenging critical resistance at 2,860 or so (red line in the chart below). A break … Continue reading

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Two Ways of Playing the Markets, One Long… One Short

As I noted yesterday, this rally looks to have legs… for now. The stock market broke out of its downtrend yesterday (red lines). It remains below resistance (blue line). A break to the upside here, would open the door to … Continue reading

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Here’s the Roadmap For the Markets Over the Next Two Weeks…

As I noted yesterday, this rally looks to have legs… for now. The stock market broke out of its downtrend yesterday (red lines). It remains below resistance (blue line). A break to the upside here, would open the door to … Continue reading

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The Upside Target For the Bounce… and What Comes Next

Stocks bounced yesterday because: 1)    They were oversold. 2)    The markets were at critical support and were due for a bounce (blue line). 3)    Fed officials offered to cut rates if needed to “sustain the expansion.” 4)    Funds were forced … Continue reading

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Prepare Now…the Next Major Drop Hits Mid-to Late June

Stocks bounced yesterday because: 1)    They were oversold. 2)    The markets were at critical support and were due for a bounce (blue line). 3)    Fed officials offered to cut rates if needed to “sustain the expansion.” 4)    Funds were forced … Continue reading

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Junk Bonds Are Flashing a Major Warning…

The Powers That Be are terrified of what’s coming How terrified? US Treasury Secretary, Steve Mnuchin, hosted a secret meting last week with the Financial Stability Oversight Council or FSOC… If you’re unfamiliar with the FSOC, it was formed after … Continue reading

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If a Trade Deal is Coming… China’s Markets Sure Don’t Know It

The market remains in “no man’s land.” The S&P 500 has broken its triangle formation (blue lines)… but the bears just can’t take out support (red line). Part of this is because the Trump administration continues to “dangle the carrot” … Continue reading

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The Most Important Line of Support For Stock Investors

The market remains in “no man’s land.” The S&P 500 has broken its triangle formation (blue lines)… but the bears just can’t take out support (red line). Part of this is because the Trump administration continues to “dangle the carrot” … Continue reading

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A Sharp Drop is Coming in June… Prepare Now!

The market remains in “no man’s land.” The S&P 500 has broken its triangle formation (blue lines)… but the bears just can’t take out support (red line). Part of this is because the Trump administration continues to “dangle the carrot” … Continue reading

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Bulls Bought Themselves Another Week… But in June Stocks DROP HARD

Stocks dropped hard out of their triangle formation (blue lines) yesterday, but the bears couldn’t finish the job… and the S&P 500 held support (red line). This opens the door to a bounce into early next week… but I wouldn’t … Continue reading

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Sell in May, Go Away is Back… and It’s Going to Be BAD

Now comes the “depression stage” Earlier this month I noted that the market is following the five stages of grieving regarding the US/ China trade deal. Those stages are: denial, anger, bargaining, depression and acceptance. The “denial stage” was most … Continue reading

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There Are Only 7 Copies Left of Our Crash Survival Guide

 Stocks continue to struggle below their 50-day moving average (DMA). I still think we’ve got a bit higher to go in the near-term… most likely the S&P 500 will top out somewhere in that red box later this month/ early … Continue reading

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We Are Almost At the Upside Target…

 Stocks continue to struggle below their 50-day moving average (DMA). I still think we’ve got a bit higher to go in the near-term… most likely the S&P 500 will top out somewhere in that red box later this month/ early … Continue reading

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We Might Eek Out a Few More Points… But the Next Major Move is DOWN

The technical damage from last week was pretty severe. Despite multiple Trump administration interventions… as well as the usual Wall Street ramp jobs for options expiration, the S&P 500 finished the week below its 50-day moving average (DMA). This will … Continue reading

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Did You Catch Last Week’s Setup? If Not, It’s Not Too Late!

The technical damage from last week was pretty severe. Despite multiple Trump administration interventions… as well as the usual Wall Street ramp jobs for options expiration, the S&P 500 finished the week below its 50-day moving average (DMA). This will … Continue reading

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Two Charts… and the Game Plan For the Next Two Weeks

The markets are now within spitting distance of a top. Our target for the bounce is anywhere in the red box… stocks will likely enter that range today as Wall Street engages in its usual options expiration games. The perfect … Continue reading

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Will “Sell in May, Go Away” Lead to a Correction… or a Crash?

The markets are now within spitting distance of a top. Our target for the bounce is anywhere in the red box… stocks will likely enter that range today as Wall Street engages in its usual options expiration games. The perfect … Continue reading

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The Target is Almost Met… Next Comes the REAL Fireworks

The markets are now within spitting distance of a top. Our target for the bounce is anywhere in the red box… stocks will likely enter that range today as Wall Street engages in its usual options expiration games. The perfect … Continue reading

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Risk-On… For Now… But The Comes the Big Drop

As I outlined yesterday, the markets are currently staging a relief bounce from the initial drop that began in early May. From a metaphoric perspective, I call this bounce the “bargaining” phase for the markets… as they work through the … Continue reading

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Enjoy the Bounce, What Comes Next Won’t be Pretty

As I outlined yesterday, the markets are currently staging a relief bounce from the initial drop that began in early May. From a metaphoric perspective, I call this bounce the “bargaining” phase for the markets… as they work through the … Continue reading

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