12/29
12/9
These charts show bullish tendencies.
But, there are many more of my charts showing signs of topping and reversing lower.
This market is still undecided and so am I.
Make your own trading decisions.
Ben
12/8
Run away!!
I don`t think the indices reflect the negativity that took place on individual stocks yesterday.
Bearish engulfing candles are everywhere and I think that signifies the possibility of a pullback.
Solar failed. Coal looks to be ready for a serious pullback. The major casinos the same.
Futures are flat.
I am going to dabble short in coal and casino`s.
Make your own decisions.
Good luck.
Ben
12/6
 |
Future are down. I love a rebound in solar stocks if oil keeps rising. There are some reasonable set-ups in stocks near trendlines. A pullback in the momentum stocks is attractive to me. JEC I like in a sector that has really taken off. Make your own decisions. Enjoy the trading day. Ben |
12/3
Payrolls before the open. Can that push this higher?
I purchased some HMY and JEC yesterday, but otherwise was in cash and missed this two day eruption.
The big momentum stocks are slowing down, but everywhere else there are set-ups forming where stocks have consolidated.
There are some, like CAT and SWKS that seem poised to continue higher.
I certainly was wrong on believing the market would correct lower and I was safe but wrong to be in cash.
Today I will not chase, but take some more small long positions when the opportunity presents itself.
As always, this is in no way advice on how or what to trade. Make your own decisions.
Have a great day.
Ben
12/2
That was quite a gap yesterday and if you`d been invested long or bought the morning pullback, you had a good day.
Futures are up again this morning so congratulations to the longs for staying put.
I still am on the sidelines.
There are some stocks that have been brutally sold that look to be bottoming.
If this is going to run up until Christmas, then I better get on board. But, not today.
Good luck.
Ben
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