The Christmas Jam for Stocks
After stocks finished off last week with a celebratory Christmas jam, the bears — who just a few days ago were still pounding their chests — have once again been forced into the fetal position. Such are centrally-dictated markets, which is a structure one must be aware of and traders would be wise to respect. […]
Serge’s discussion of two important oil charts on the Benzinga Morning Show
On Monday morning December 15th I discussed two important charts relating to oil and its correlation and causation to and for the stock market. Watch the discussion here: https://www.youtube.com/watch?v=sM6IWBht9wo&feature=youtu.be&a
Google Stock Might Have Its Own Santa Claus Rally (GOOGL)
Shares of technology giant Google Inc (GOOGL) dropped meaningfully Tuesday along with other tech stock favorites as the continued pressure on the overall market failed to keep its intraday bid. As a result, Google stock has now retraced back to a major line of support where, at least near-term, the odds are looking better for […]
Stocks: It’s all about oil prices
Another week and another steep decline in oil prices last week finally began to weigh on stocks. With just two weeks of meaningful trading left in 2014, from a tactical perspective (multi-week/month time horizon) it is now important to contextualize the drop in oil prices and map out potential outcomes for stocks in early 2015. […]
Mastercard charges higher out of a tight technical base
Shares of payment solutions company MasterCard Inc (MA) have seen big gains off the mid-October gains, aided by a post-earnings jump that took them to fresh all-time highs. After a couple of consolidation weeks, MA stock now looks ripe to make a next move higher — and given the clearly defined risk/reward scenario, something to […]
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Dow Jones Industrial Average – Overbought readings last time led to 7% slide
The last time the Dow Jones Industrial Average had an RSI reading this high was December 2013. The $DIA proceeded to slide by about 7% over the coming month.
Large caps stand out in lacklustre market…beware
Over the weekend I flipped through the AAII investor sentiment reading from this past week and noted that at nearly 58%, the bulls haven’t been this present since late 2010. As a contrarian indicator this doesn’t give me the warm and fuzzies, so to speak. From a pure price action perspective within the S&P 500 […]
Large caps still stand out in lacklustre market
From a pure price action perspective within the S&P 500 I also note that 70% of its sectors are trading at all-time highs. While this is a bullish takeaway for trend followers and respecting that price is the ultimate arbiter for traders, the price action is also further straying from economic reality, which now firmly […]
Perspective for Thanksgiving week trading
It’s a holiday-shortened trading week for US stocks, with markets closed in observance of the Thanksgiving holiday on Thursday and early closing on Friday. While trading slows down by Wednesday afternoon, historically, plenty of trading opportunities have come up during Thanksgiving week, not least of which have come from retailer stocks as the holiday shopping […]