Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday News that the nation's unemployment rate rose above 10 percent last month for the first time in 26 years didn't derail the stock...
A late-day slump left stocks mixed Wednesday as investors couldn't hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy.
I don't think of myself as a trader** but rather an investor and not a...
Stocks ended higher Monday after another day of big swings. Stronger reports on manufacturing and housing gave the market an early boost but a rise in the dollar and worries about the soundness of an eight-month rally chipped away at the gains.
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Yes, I do eat my own cooking. I bought a position in AGQ near the market opening this Friday morning. I got a order fill price of $61.55 and I immediately placed a stop loss sell order at $53.68 on my position and profit target sell limit...
I have not published this blog for many months and I owe all of you an explanation. Thank you for your patience and understanding. There are two major reasons for this long absence, namely 1) system development and testing and 2) developing an...
With the market churning below resistance in the $107-108 range, I continued to short extremely overbought stocks today.Yesterday I mentioned shorting PSDV and that stock behaved nicely today going down 7% from yesterday's close. PSDV was a pure...
When I look at the 5-year SPY chart, I think it can only be viewed as bullish. But, I'm still in this same mode that I have been in the last few weeks. RSI has been over 70 since about July 20th and this momentum is simply not sustainable. I...
Tonight I have no interest in figuring out whether the market is generally going higher or lower. Building on my RSI 93/10 posts from last week, tonight I'm looking at a number of stocks that are extremely overbought and at key resistance levels....
Take this post with caution, because I admit I have not backtested it in any kind of methodical way. "Use it at your own risk." Of course, everything I say (per my disclaimer at the bottom of course) is at your own risk but I felt a special duty...
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