Let’s stipulate that the past week was NOT fun. And after a week like that, it’s normal to expect more.
Months of congestion are usually resolved with a splash. So, as soon as we see a break of either support or resistance, look for the subsequent move to be big.
I’ve seen a lot of different kinds of markets. But I’m not certain I’ve ever seen a market that has gone nowhere for so long!
When the market slumps, it's always a good idea to start looking for bargains.
Last week, I noted the ascending triangle was bullish, so I was looking for an upside breakout. That was wrong...so I think you now want to be on the bear side.
It looks like the market has formed an ascending triangle. That’s a good sign, as it’s generally a pause before a further move north. 'Generally,' not always, but I’m more bullish than bearish...
Is your portfolio stuck on pause? Unless you put everything in Netflix, prepare to be underwhelmed with your next brokerage statement.
For whatever reason, Adobe Systems rarely appears on my “buy screen.” It should, as it’s a solid performer.
In trading, you’re going to be wrong a lot, and that’s okay. What’s not okay? Staying wrong when the charts change.
On the eve of Memorial Day weekend, we take a look at two stocks for the summer: Sirius XM and ConAgra. Is it time to buy?