Dollar Index vs. SPX Intraday
Because you were wondering…here's our intraday chart of the dollar index versus the S&P 500 futures intraday…follow the way of the dollar index… it's a 5 minute chart…red is the dollar, orange the S&P 500 futures…
Last Chart For The Week: MMM
So here's our buy wish list for next week – should we get a buyable pullback: SPY, OIH, APKT, CAT, MMM We may not buy all of them, but we will watch them all. Below is the chart of MMM, 'it's a beaut' clark'
Morning Thoughts November 2
If the past five trading days weren’t nutty enough for traders I’m not sure what will qualify as such. After a massive rally into the second half of last week, equities plunged on Monday in tune with Halloween. Stocks still posted big gains for the month of October with the S&P 500 gaining around eleven […]
CAKE, a stock to watch
something we often do is scan for stocks that find good support/resistance at their respective 50 and 200 day moving averages. CAKE is one of those stocks and is currently residing just under its 200 sma. too early for a trade right now but something to watch. a good sell signal here in terms of […]
staying away today
it's a bad day for decision making in the markets today: too much news headlines from bernanke and europe later today banks and energy are leading today's tape higher…at least so far we would be interested in a little long-side exposure for bucket 2 via MS or BAC on a strong close today. we tried […]
Two Ways To Trade Target (TGT)
Retail giant Target Corp. (NYSE:TGT) has come back on my radar as the stock sits in a crucial area that has potential both to the long and to the short side. On the weekly chart note a multi-year area of resistance around $60 while multi-year support comes in around $45 (the $15 in between […]
Industrial Stocks Under Severe Pressure
After rising close to 160% from the lows in March 2009 to the highs in early May this year the industrial stocks as a group as measured by the Sector SPDR Industrial ETF (ARCA: XLI) have come under pressure and broken the blue up-trend line, which is a development worth noting. The early July […]
Major Top in Dow Transports?
this chart from one of the readers from businessinsider.com is key to watch and is very much in line with our forecasts beyond the next few weeks.
Closing Research In Motion (RIMM) Short
Folks, we just closed (i.e bought back the out of the money calls we sold a while back) our short in RIMM. We discussed opening this trade HERE and HERE. Now that our profit target near the $40 area, and at the bottom of the long-term downward sloping channel has been reached we feel taking risk […]
Do You Have A Trading Plan? Consider Ours
Without a clear trading plan no one can make money consistently. A trading plan allows the trader to execute his/her trades in a consistent manner and without letting emotions get in the way. Clear entry points, stop-loss and profit targets are predefined by in the trading plan, allowing the trader to focus on execution […]