Buy the dippers have been a roadblock to shorts’ success.
It is probably not an exaggeration to say that the prevailing buy the dip mentality in U.S. equities has done to this bull market what oxygen does to a fire. When O is present, any fire that starts will burn hotter and faster than usual.
It's amazing to watch the stock market maintain a bid off throughout recession-like economic data. No matter how you read the economic data, track it, or concern about it, apparently it continues to be good news for stocks. Or, that is, until is isn't. Check out @MishGEA's take on th
Market turning points are ugly. Speaking of individual stock breakdowns, this week’s ‘turning point pain’ has been pretty severe.
When the market starts to pull back, it’s a great time to check in on your favorite investment themes and get your stock list in order. Also, when we note how
To start the week I was pretty bullish in hopes of sticking this next breakout. That week end was just nasty. The volatility environment has suggested bulls were pushing their luck. It might have just run out! That was a ...
This past Tuesday, Zillow (Z) lowered its outlook for 2015 and its CEO said it was going to be a "transition year". Zillow also said that a longer than expected acquisition of Trulia was weighing on its outlook. As expected, Zillow stock was hammered on Tuesday morning, dropping over 10
The market keeps getting tougher, particularly growth stocks, as the S&P 500 Index is still stuck under the major Fibonacci extension level. (chart via @andrewnyquist)
Economic data has evidently peaked but we know there can be a significant lag between economic peaks and market peaks. We
The overall market was quite bland into the long holiday weekend. Undoubtedly, it’s been a stock picker’s market. Given the recent sentiment surveys, it’s safe to say many managers followed the chaser’s playbook.
But don't let the the holiday induced stock market lull you to sleep. T
You know that college football game where the underdog hangs with the highly ranked opponent until midway through the third quarter before the better team physically overpowers them and pulls away? That’s what this market feels like. Bulls are just running the ball and taking the fight out of the
The stock market’s resilience has been amazing. The Russell 2000 (RUT) and S&P 500 (SPX) made new all time highs this week and the NASDAQ Composite (COMPQ) has made new 52 week highs (just off its all timers). It’s been important to truly keep an open mind. If we continue to rally, let’s
It’s a critical time for market participants to keep an open mind. That aphorism is sage advice, to an extent. When trades and markets turn against us, we often see things we want to see and over-complicate things trying to rationalize why the markets aren’t behaving how we’d like. We still ha
Spring is upon us and vacation season is right around the corner. More importantly, the conditions for a strong U.S. travel season are present. And this could benefit several travel stocks. In this post, we’ll preview four travel stocks with solid setups.
First, let’s look at the fundamental
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I trade stocks independently and study market technicals. I also contribute to a handful of websites and author ATMcharts.com. Check 'em out!