All Entries Tagged With: "Trading Range"
Lasting S&P Rally Without Banks? Not Gaah Duht
The notion of the S&P 500 running higher without the participation of banks reminds me of Dana Carvey’s George Bush impression on SNL… “Not gaah duht.”
Which Side Are You On?
We’re in an interesting spot here, no matter which side you find yourself on. Both the bulls and bears have reason to believe they’re going to win this one, so let’s take a brief look at the arguments of each.
RVBD at Key Resistance
With the stock currently at the top end of this range, you have to wonder if this is an opportunity for a downside reversal.
Trading Scene Still Great
On Nov 1, I mentioned the scene was set to improve, and since then we’ve seen exactly that. I didn’t base that post on the notion of higher prices necessarily, because UP does not equal GOOD – just as DOWN does not equal BAD.
Why I’m Buying Financial Sector ETF’s
Financial stocks have been hideous. Banks, brokers, you name it and it’s been taking it on the chin lately. Shorts are getting cocky.
Don’t Let Opinions Interfere
The idea is to stick with what the chart is telling you – make decisions based on the price action when it comes to your entries and exits, even if your overall directional bias is founded on an opinion.
