Thursday, May 28, 2015

Markets Recover Losses

Today's late recovery returned initiative to bulls. The Nasdaq finely placed to challenge new highs, helped by the major breakout in the Semiconductor Index; an important economic barometer.

Read more!

Tuesday, May 26, 2015

Best Trader on eToro?

Going by their current +eToro  Trending Investors, there is a familiar avatar at the top:

While U.S. Investors can't copy me, my posts can be followed here.
Read more!

Profit Taking Sweeps Into Town

After days of tight trading, bulls decided to take money off the table following a slew of economic data. The S&P finished at rising support after tagging the 50-day MA. Today's selling hasn't totally reversed the rally, but another day like today would seed enough doubts in bulls to restrict dip buying.

Read more!

Monday, May 25, 2015

Tight Trading Covered Last Weeks Action

Friday didn't bring a flourish of buying or selling into the long weekend, so it's up to Tuesday to price in weekend news. Opportunities are available for both bulls and bears.

Bulls will be looking to the S&P to push from 5-day days of tight, sideways pattern in an effort to put some distance to 2120. Technicals are mixed, with a strong 'buy' in the MACD and bullish momentum, offset by a 'sell' trigger in On-Balance-Volume and some mixed action in the ADX. One point of note is the bullish cross in relative performance against the Russell 2000.

Read more!