S&P 500 Indecision Marked With 3 Dojis
Note the three doji candles the past three days. If you're not familiar with candlesticks, a doji essentially shows investor indecision. The question becomes whether these three indecison days in retrospected ended up being consolidation days or whether they will have meant that investors were getting nervous about the potential government shut-down and earnings season […]
Short Opportunity In Open Table (OPEN)
I see an opportunity for a quick bucket 2 short-side stab in OPEN . Today left an ugly looking bar on both daily and weekly chart after a downgrade from Citi. Stops could be placed around $109 and a profit target near $100.
Buy Wish-List
Our buy wish list for next week – should we get a buyable pullback: SPY, OIH, APKT, CAT, MMM
Morning Thoughts December 5
Good Morning As usual each Monday please also refer to the free weekly newsletter, which presumably all of you subscribed to. Last week’s massive rally in equities brought the S&P 500 up to the downtrend since July where it may find some resistance before ultimately having a good chance to head higher into the 1300 […]
Portfolio Holdings Monday Dec 5
Between 90% and 95% cash currently Bucket 2: Symbol Open D Direction Sectors Avg Entry Stop Target 1 Target 2 WYNN 31-Oct short cons cyc 133.13 141 128 as low as 90 SPY 30-Nov short index 124.91 Bucket 3: Symbol Open D Direction […]
Monster-Gaps Update
the 15 minute chart of the S&P 500 futures shows it all…some of this gappage has to fill before we push higher:
Quick Mid-Day Update
It's more or less the 6th day in a row now where equities open higher and just do the sideways shuffle. It's boring and not worth trading. For bucket 1 we still think today-s up-gap may fill..i.e. to the closing levels from last Friday, in the S&P 500. Transports, the oil services, oil itself, and […]
The Transports – A Chart To Watch
The transports are often a leading indicator we focus on. Right now they are at resistance of the 200 simple moving average as indicated by the IYT etf. A solid move above there, coupled with a lower dollar should pop equties higher still.