Get the dollar right, get the direction in stocks right

Hey Traders and Investors Over the course of my trading and investing career I have learned the importance of paying attention to the dollar. In general, when I can get the direction of the dollar index correct I tend to also get the direction of stocks right. The dollar index remains in a bullish position […]

Buy the Bounce in Oil Services (OIH)

Last Friday, stocks staged a powerful comeback after an initial weak reaction to the September jobs report, which came in below expectations. While the entire market rose on Friday, some of the most notable rallies occurred in parts of the market that saw the most pain over the past three to 15 months. To wit, […]

Why I bought Bank of America shares this week

The banks as a group have shown relative strength all year versus the broader stock market and continue to be supported by a slowly rising interest rate environment. Bank of America has shown good relative and absolute strength within this strong group and looks poised to rally more in coming weeks. See the charts and […]

Respect the recent strength of the financial sector

For much of this year I have argued that not until the financial sector can show better strength will the broader US stock market be able to push to higher highs. The price action of the financial sector and the banks in particular in recent days is giving promising signs. Watch the video HERE

The potential of a Russell 2000 breakout

The bigger picture of the Russell 2000 has a very bullish look to it, at least through a multi-month lens. In the near-term earlier this week we once again witnessed a bullish reversal, i.e. price could not be held down. With the January jobs report on tap on Friday, a case can be made that […]

Charts to watch as 2015 kicks off

The second half of December once again showered investors with a classic Santa Claus rally, much as I discussed it could throughout December. At the same time, as I laid out in last week, the high probability part of the year-end rally has now likely run its course and the crosswinds from the investment landscape […]

Apple breaks technical support – don’t get cocky, see both sides

Shares of technology giant Apple Inc. (NASDAQ:AAPL) dropped on Monday to start the week, which resulted in a break below a key technical support area. Considering AAPL stock has the world’s largest market capitalization and is the most closely followed stock, a break below key technical support areas can be all the more important and could result […]

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