Profit Taking Friday?

Profit Taking Friday Will there be profit taking on Friday? Anything can happen with the unemployment report in the morning, but let's dive into where we are in these markets. In 15 trading day the S&P is up 10% and has come into an important resistance level. You would expect bulls may find this a…

Stock Market Recovery

Stock Market Recovery Stock market breakout and tonight we turn our attention to how much of can the stock market recover. Bonds broke down and the trend line. This now means real money is flowing from Bonds into stocks. However, it is difficult to make a case for chasing stocks here. There has been a…

Stock Rally Over

Stock Rally Over Is the stock rally over? After a 3 day rally stocks pulled back today. The Nasdaq COMP saw the biggest pullback. The Nasdaq was led lower by aapl, amzn, fb, googl, and nflx. At one time these stocks were leading the Nasdaq higher and now they are leading the Nasdaq lower. Also,…

Sell Options Premium

Sell Options Premium This is a premium sellers dream market. Volatility remains very high and now is the time to sell options premium. Nasdaq divergence continues to play out. We have seen the Nasdaq be the weakest index on down days and not rally as much as the other indexes on up days. EWJ is…

Any Hope for a Rally?

Any Hope for a Rally? Stocks continue to sell off today as recession fears grow. Let's take a look to see if there's any hope for a rally before the 3 day weekend. There are a few rays of hope that bulls can point to. Albeit very slim rays of hope. One is the 1800…

Sell Rallies

Sell Rallies Sell Rallies continues to be the theme of the stock market. This fragile market can not get a rally going. What kind of opportunities are in this type of market. Right now there are two types. One, there are several names that are showing strength in spite of the market sell off. These…

FOMC Announcement Sparks Selloff

FOMC Sparks Selloff The FOMC announcement sparks a sell off in stocks today. The FOMC announcement shows a 180 in policy from only 6 weeks ago when they raised rates for the first time in 9 years. The sell off in stocks led to another spike in volatility. The Fed indicates a slow down in…

Stocks to buy

Stocks to Buy Any stocks to buy? It does seem like stocks are on sale as the S&P has already hit a 52 week low. If you're looking at stocks to buy here are some guidelines. You wanna find stocks that have shown relevant strength compared to the overall market. Here are a few example…

Stocks Sell off

Stocks Sell off Strength got sold again. The market environment is one of fear and hesitation. The indexes across the board are being dragged lower and lower. Stocks aren't able to find a support level. Each gap higher has been quickly filled. If you're not already short this market then it's best to keep your…

Bonds and Stocks Relationship

Bonds and Stocks Relationship Another roller coaster day, but today finished positive. The bleeding has stopped temporarily. Is there more upside? After such a down move there is always that potential. Stocks went higher and bonds went higher. Does something have to give? It is not likely that we will see stocks and bonds continue…

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