SPY
SPY Chart
Last week, I thought the market was set up for another push higher… that sure didn’t happen!
Here’s the price action I was looking for:
“Right now, the market is holding the 20 EMA, but …
SPY Chart
Last week, I thought the market was set up for another push higher… that sure didn’t happen!
Here’s the price action I was looking for:
“Right now, the market is holding the 20 EMA, but …
Another broken down Fintech stock… what else is new?
After a run to the mid-20s, the stock is trading at a 6 handle.
The CEO has been buying up shares, but he’s been doing that for …
Have you ever run a “channel check?”
This is a technique used by fund managers — especially those focused on retail stocks — where they examine a company’s distribution channels as part of stock analysis.
For example, if you go …
The markets have suffered a lot of technical damage, and there’s always the possibility that we can rollover.
Because of all this chaos, I’ve been discussing various trading traps to avoid if you want to avoid draining your trading account.…
Crude oil continues to ramp higher:
For most, higher is not better.
It’s not just “pain at the pump.” These energy costs will flow through to the cost of goods since it plays a part in manufacturing …
It's fair to say we could be building out a longer-term bottom in tech stocks.
We had a strong washout, evidenced by the NDXA200R.
NDXA200R Chart
We’ve also seen back-to-back breadth thrust days:
NDXA200R Chart
So it's reasonable to start …