Online Stock Trading

DANGER ZONE!

We are right in the danger zone.

Major distribution day. Again, everyone should be on the sidelines unless you have stocks that are acting well. ? Acting well, low volume pullbacks or even rallying to new highs on STRONG volume. These are few and far between so don’t kid yourself.
Talking heads are […]

Can the market get more negative??

I hate to say this, but YES! But can it go lower from here?

I think we need to see where volume ends up today. this is being written as of
2:32pm EST. If we see volume swell above 2.4 billion shares on the Nasdaq then
I can say we had further south…if we come […]

Don’t be fooled by the turnaround

As of 2:15pm EST
Precisely why you don’t buy dips during the day in a downtrending market. We
have to wait for the market to setup properly!!!
Volume still running light. Not bad.

Negativity continues…

As of 12:30pm EST
Market continues its slide. Volume is running lighter than yesterday on the
NYSE and Nasdaq. Nasdaq is below its 200dma (2229.1682), is at 2225.72.
Adv/Decl are about even w/the edge going to the decliners. New Lows are
outpacing New Highes, on the NYSE 87 new lows to 38 new highs and on […]

The slide continues

The fall continued today…aaahhhhh…Don’t run for the hills just yet.
By now, anyone who reads this should be at least 25% cash or more!!! I am
personally at 35% cash. I have a few winners PRFT/HOM/JSDA that are still
working and I have big positions…
The HILO was finally to the negative side today. Advancers lagged […]

New Buys are hard to find…

So we had a huge distribution day…with that said I am having trouble finding new buys and adding names to watch for shorting opportunities.  By no means do I think shorting is something to do at the moment.  But, it doesn’t hurt to prepared!!!
 
What to do?  First things first, any NEW BUYS […]

Time to take a step back

We are heading into our 6th day of distribution on the Nasdaq! Its time to cut
laggards and take profits on winners. The winners that you should be cutting
back are the ones that have been falling in heavier than normal trading. There
are still a few stocks that I hold that are acting well…like […]

Back in the Saddle

Glad to be back!
Volume is running normal on NYSE and Nazdaq, Nazdaq is running around 2.1 bil
and the NYSE is around 1.7 bil. New Highs to New Lows is continuing to be
strong at a better than 9 to 1 rate at the moment. Rus 2k is leading the charge
negative followed by SPX, […]

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