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Jittery Markets Scrambling to Rotate
Greetings from Mayakoba, where I’m making a quick visit to help finalize preparations for our OptionEasy Bootcamp in May! It’s clear that the markets are jittery. One moment they’re gapping up, the next they’re gapping down, only to jump back up again. In markets like this, it’s always a good idea to evaluate your approach to risk. I liken it to sailing in stormy weather vs. calm weather. Which do you prefer? Personally, I prefer calm waters. Last weekend I suggested that this market has a big chance of a significant pullback – correction if you will – in the coming months. The week we’ve just had did nothing to change my mind! After last week’s drama with gold and silver, silver presented bounceback temptation for some traders I know … I didn’t agree, and it didn’t work out for
Market reviews and blogs
Your best source of investment news from WiseTraders and Guy Cohen.
Odds of Market Correction Are Growing
Last week’s “Dry Powder” call was inspired, and I’m going to repeat it for this week. In fact I’m going
Volatility and Dry Powder
Well, it wasn’t so much Blue Monday, but Red Tuesday! The SPY, DIA and QQQ gapped down on Tuesday and
Earnings Is Here – Use the Calendar App for Prime Setups
Earnings Season is here, and constructive setups are already forming. That doesn’t mean you have to rush – we’ve barely
Market Goes Nuts
Yesterday I said the following, verbatim: My prognosis for the markets remains unchanged. In the short term we’ve had some upside, but medium term I see challenges ahead. Ok, I didn’t e…
Turnaround Trader Urgent Video Bulletin
I’ve prepared a very short video that explains how we find our Dojis and price extremes, when you trade them and when you move to the next opportunity.
Basically the TradeFinder is identifying …
Earnings up and down
Well, the markets are up overall during this earnings season, but not for the first time recently, this week we’ve witnessed a breakout followed by an immediate reversal. With so much unce…
Sit Out This Earnings Season For Now
Hi Everyone I think it’s fair to say that this earnings season is rather unpredictable and that’s the sure sign for us to sit back and watch the masochists self harm. The OVI is inconclusiv…
AAPL Clobbered, S&P Touches Resistance, Plus: Workshop Webinar Tomorrow Night
AAPL Clobbered, S&P Touches Resistance, Plus: Workshop Webinar Tomorrow Night
We’re in the full flow of earnings and the SPY has touched its August highs before retreating just a few poi…
S&P Almost Breaking Out
The S&P is almost there folks … we seem to be in the midst of a consolidation. Oddly the SPY’s OVI turned south yesterday so let’s see how we fair in the next few days. Earnings c…
Major Indices Turn Positive … and New OVI 10-minute symbols
The market seems to want to go somewhere right now and we’re now in the full swing of earnings season. AMZN and AAPL are looking interesting again as they break through and approach key re…
Encouraging Follow-Through, But One Swallow Doesn’t Make a Summer!
Tuesday’s last-hour momentum carried through nicely into Wednesday and I’m now waiting for the OVI calculations to come through into the charts.
Tuesday’s action barely made a dent in the…
Was Today a Key Reversal Day?
A huge last hour rally saw the markets surge back into positive territory, making gains for the day overall. The Dow saw a trading range of 420 points, the Nasdaq 108 points, and the S&…
What He Probably Meant to Say
No doubt in the last couple of days you’ll have read about Alessio Rastani’s rather insensitive comments made on the BBC. First, as a student of mine, I’ve personally told him that I deplor…