Online Stock Trading

People Watching: Enjoy as Traders Position for the FOMC

Game plan:  NOTHING special.

You should be doing what I’ve been doing all along, and that is to cut losses and keep new buys to a minimum and VERY small.  I would expect to see the target rate cut by 25bps but in a surprise move to see a significant cut in the discount rate.  But, […]

Markets Await FOMC Rate Decision

Stocks drifted higher on lighter trade, possibly waiting on the FOMC rate decision come Wednesday afternoon.  Once again, leading stocks took center stage and lead the rally higher.  The IBD 100 tracking index was up better than 1.7%.  A great sign of strength when the overall market moves higher.  There is no question that traders […]

Weekly Volume Grows as Stocks Eye New Highs

Stocks this past week showed great resistance to the downside.  For the week, the NASDAQ bounced off its 10 week moving average and saw a huge volume surge.  The S&P 500, Dow Jones Induatrial Average, and the NYSE composite did see a bounce off their respective 10 week moving averages.  However, these indexes did not […]

Markets Rally from Lows, Mimic August 16 Action

The crazy game of stock trading, many try but so few succeed.  Wednesday’s action did not start nor did most of the day’s action seem like there was any bullish case to be made.  Traders manhanlded the NASDAQ pushing it down as much as 2.8%.  Wednesday’s action was quite similar to the action we saw […]

Markets Fight off Naysayers; NASDAQ Leads all Higher

The gap open on Tuesday had many traders rethinking their positions.  Stocks began to fall after the initial gap open.  A scenerio for longs was needed:  Rally higher and close at the highs of the day.  Shorts on the other hand were licking their chops as stocks began to slide as the morning wore on.  […]

GOOG rival?

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Save Your Portfolio; Markets Rally to Close on Highs of the Day

Monday morning we saw stocks begin to follow-through on the selling that occurred all day, accelerate into the close Friday.  The day began looking like selling was about to gain further momentum.  However, stocks caught a wave a buying.  Volume was running lower from Friday’s Option Expiration levels, but price gains were significant.  Support coming […]

Massive Intra-day Support on the NASDAQ: Bullish

Unfortunately I’ve been taking away from the markets intraday, taking care of a loved one is much more important than watching quotes flashing away.  At any rate, my situation has improved my ability to see how the action shaped up during the day.  Wednesday started off with a bang only to have the joy of […]

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