The Action to Watch on 5/23
If you had fallen asleep last Tuesday evening, and then just woke up this morning, you wouldn’t notice anything different…
The Action to Watch on 5/22
As I went through my chart review this past weekend, the first thing I thought of was, “Is it possible…
You Won’t Hit a Home Run Swinging at Every Pitch
Happy option expiration day. Longtime readers know I’m not a fan of establishing new trades on a Friday, right in…
The Action to Watch on 5/17
We’ve been looking for the stock market to make a significant, intermediate-term top sometime soon. Up until yesterday, though, the…
The Action to Watch on 5/16
The bulls haven’t given up yet. Stocks rallied to a modest new high yesterday. The S&P 500 is still trading…
The Action to Watch on 5/15
Friday marked the end of the seasonally strong period for stock prices. If the bulls were going to make a…
The Action to Watch on 5/12
Today marks the end of the seasonally strong period for stock prices. Starting next week, the winds shift bearish. That…
Be Bullish for Now, But Careful Soon
This is a dangerous situation. It’s not obvious. Major turning points in the financial markets rarely are. Nobody rings a…
The Action to Watch on 5/10
In the final hour of the day yesterday, the S&P went from +1.50 to -2.50. The index closed down 0.1%.…
The Action to Watch on 5/9
Yesterday was one of the most boring, uneventful days of the year for the stock market. But boring action –…