Reworking the blog!!!
I have been thinking about my blog. It has been difficult for me splitting time between Investors’ Paradise and my outside activities. Thefere, I’ve decided to do a once a week post. I will be posting periodically during the week of market actions but I will not be providing nightly commentary. However, I’ve added Yahoo […]
Markets slump, Cash is king in this environment.
Small and Mid-Cap stocks continue to drag down the entire market. There is no rhyme nor reason for selling, it just comes. Since the second week in May selling has dominated this market. There have been a few attempts by the market to get back into rally mode but ultimately failing.
I […]
Durable Goods spark morning excitement…
Durable goods orders ex-transportation rose 1%…Fed beige book also hinted at
potentially giving up on rate hikes for the Aug 8th meeting.
We are still looking for a follow through day in the market.
My apologies for the lack of commentary! But, Cash is still the best place at
the moment!
MktSpec
Stocks looked to close higher on increased volume…only to fall into negative territory at the close.
Comments in the AM before the open.
Today’s action was not incouraging.
MERQ
I am not entering into this trade. I was clearly one day late.
***NOT ENTERING INTO THIS TRADE***
Day 5 rally party only one thing missing, volume
Markets soared on an oversold bounce from the prior week. Russell 2k rocketed 2.8%, IBD 100 finished up more than 3% on the day. Nasdaq wasn’t too far behind, up 2.1%. Volume lagged across the board, we like to see on a day like this volume to surge. A warning sign, […]
Small and MidCaps lead stocks to the downside on Day 3
Path of least resistance is STILL down.
Past two trading sessions, forming train tracks tells me there isn’t enough juice in this market rally
Stay in cash, build watch list for stocks that are building bases
Stay in cash
Enjoy your summer! This market isn’t going anywhere
Day 4 on Friday, we’ll see if we can confirm two things: […]
Bernanke comments on the hill help stocks to rally on Day 2.
My apologies, this will be quick!
Big move in stocks (SEE HERE).
Volume soared across the board, 29 out the 30 Dow Jones Industrial average rose.
Bernanke did not hint at any major money policy changes.
Breadth was excellent (SEE HERE)
Is it time to jump all in? No!
Today’s move I believe is far too early for […]


