I spent the bulk of yesterday working on the back-end of the site & as of yesterday, all of the Long Trade ideas have been updated. The charts on all 4 trades currently listed under the Active Long Swing Trade category (ACBFF, WEAT, NIB & CCE) all still look constructive & all of those trades [...]
Member @natdicarlo posted this inquiry within the trading room: Randy, seeing NYMO at very oversold levels and yet no significant pullback in markets. Big caps masking the carnage. Your thoughts would be appreciated on if this might postpone the bear case for now? That clearly seems to be the case (mega caps doing most of [...]
I sat down earlier tonight to put together a weekly outlook for the broad market but struggled to find anything new worth mentioning. The broad market (S&P 500) closed the week right around the mid-point of the 2.8 month trading range and with such tight, sideways price action, the price & momentum oscillators & indicators [...]
Over 90% of the biggest US companies report will report their quarterly earnings this week in what is expected to be the fourth consecutive quarter of declining profits. While I've spend the better part of the day scanning for new trade setups, it would only be prudent to hold off entering any new positions, especially [...]
The US equity markets are now challenging major resistance defined by the very technically significant Dec 31/Jan 4th gaps. This video starts with an overview of the longer-term technical outlook for US equities followed by an in-depth look at the daily & intraday charts, including key technical levels and developments.
As this video for the near-term & longer-term outlook for the US equity markets is quite lengthy, here's a brief summary of what was discussed: The video begins with a discussion of various trend indicators used to define by the long-term (primary) trend, which remains clearly bearish at this time, as well as the shorter-term [...]