We’re at important support levels for the S&P, Dow and several leading stocks. The cause of all this drama is the unfolding oil stand-off which is creating uncertainty in the markets. …
The financials are by and large holding up while much of the market is consumed by uncertainty over oil. The message today is a reminder to trade what you see! If you do that you will avoi…
Last week I mentioned BAC and GS in a video and on Friday morning I mentioned them again together with other strong-looking financial stocks. They promptly broke out on Frida…
It’s still a bit choppy out there but the financial stocks are making some headway. BAC, C, GS, JPM and MS are all at or near recent highs with predominantly…
Last week I wrote that AAPL and the markets needed a rest, sooner rather than later … and they’re now getting that rest. Here’s what I wrote last Wednesday: Bull flags forming on the S&am…
Just two days until my OVI Traders Live Workshop on Saturday! Last night we had a great webinar where we covered current market conditions, new opportunities and how to make the most of our wond…
Bull flags forming on the S&P and Dow right now while the Nasdaq is a small Doji high. I suspect that we need another brief rest soon, with even the AAPL powerhouse needing to take…
The markets are purring upwards as expected and it’s worth remembering how it’s best not to be wedded to a certain opinion of where you think the markets should be. The only way to read the…
So after two dozen great one-day reversals during September and October, the big one – the one that really mattered – was the one that I also identified correctly as another reversal, but decided to s…
The post-earnings gap-up and consolidation is a worthy chart setup. With a persistently positive OVI it is excellent. During the last year fine examples have included AAPL (April/May), FB …
