An updated chart of our proprietary measure of broad market money flow (MF) versus the daily close of the S&P 500 Index (SPY) is posted below. Although MF (blue line) has held its current level above the triangle we illustrated the last […]
Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from […]
First a heads up. President Trump will be interviewed this morning at 6:00am on Fox and friends. His words have been know to move the market. With North Korea front and center, Aerospace and Defense names might continue to see the benefit […]
Picking spots (both long and short) to chip out profits is the near term name of the game. Home runs are rare so don’t plan on them. Take profits when you have them and cut losing positions without hesitation. Don’t look back. […]
The Russell 2000 Index (IWM) will be a big tell for the market in the near term. Please observe the chart below. IWM diverged from the other major US stock indices by eclipsing this years highs during the past five trading days. […]
Whether or not the S&P 500 Index (SPX)continues higher ahead of the holdiay weekend remains to be seen. However, the chart below displays at least one market internal that bulls have going for them. The top chart plots NYSE New Highs Versus […]
A long trade looks to be materializing in Exact Sciences (EXAS). EXAS has formed the bull pennant outlined in blue on the daily chart above. The stock has also broke the six month downtrend line in late April. There is a relatively […]
Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from […]
We noted in today’s Sector Trend Score section that $DJUSRE is oversold as of yesterday’s close. One way to trade this sector is via the real estate ETF IYR. Please observe the chart below. We have drawn two trendlines at the bottom […]
A table listing all of the stock repurchase plans approved on March 1, 2018 or later, by companies with share prices $10+ and daily average volume of 500k+, is posted below. We thought this table would be a useful reference when considering […]
Today, we are approaching the market with a “prove it” attitude. The market is going to have to prove that it is really rolling over here as opposed to just working off its recent overbought status with a sideway-to-lower move. The later […]
Yesterday we entered a short position in Allstate (ALL). The setup is still viable for entry based on the chart below. The dashed arrow traces how ALL broke down form the three month ascending channel (magenta lines) and how it came back […]
A long trade setup in Nutrisystem (NTRI) is illustrated below. NTRI gapped up on earnings two weeks ago and is now filling in the gap while working its way back to the original resistance level. We are now looking for prior resistance […]
Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from […]
