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.
Correlation whaaat?
Buy Wish-List
Our buy wish list for next week – should we get a buyable pullback: SPY, OIH, APKT, CAT, MMM
S&P At 50% Retracement…Potential Resistance
Perspectives After A Tough Day In The Markets
To see the entire article become a Premium Subscriber here: http://steadytrader.wpengine.com/members-area/ Yesterday’s battle left much blood on the streets and it is exactly because of days like yesterday that we a) trade/invest in multiple time-frames and b) are open to entirely change our outlook each and every day if need be. Less flexible, stubborn…heck I’ll […]
Clues To A Further Market Rally Could Be In The Financials
After speaking about the XBD to several people the past two days it dawned on me that there may be a misconception about what the components of this index are. As the name of the index indicates, it focuses on broker/dealers…and that does not include banks like JPMorgan for example. For starters, here are […]
Copper At Potential Support Level
Copper just bolted down to its 200 day moving average (red line), which could act as a level of support, if only for a bounce. Watch it here because if it jumps higher that could also be a positive for stocks.