The lower open today shows this long-term downtrend has the power to keep going, but there are other signs that support that as well. Since no one indicator is an absolute predicter of what will come, it is always important to confirm a potential move with multiple...
The S&P is creating another fishhook on the chart, but there are key things to watch. Don't start getting too long just yet. Back in May we saw the S&P make a dash through it's 10 day moving average and then crab walk for a week or so. It never picked up the...
Flight cancelations are out of control and only seem to be getting worse. Higher prices and worse service? How long can it go on and which airline is going to solve the problem first? The news is not good right now for air travel and there aren't a lot of signs it...
Two weeks ago we looked at a potential trade that quickly doubled. The latest market shift is creating another one. Take a look. We have already explained how the downtrend we are in has some turbulent bounces. (read that article here) Now we are spotting a repeating...
There will be bargains at the bottom and this is one to watch. First, I am not going to try to predict when we are at a bottom in the turbulent downtrend that has been in place since January. I will, however, go on record as saying there will be a bottom. (Yes, I am...
The market is bouncing its way down. Is it possible to grab profit from each swing? Since January the market has been working its way down with a series of wild bounces. It can be very frustrating if you are constantly getting shaken out as the market drops and then...
All eye are on the Feds but here is what you need to watch for. We grabbed Keith Harwood for a quick video chat and asked him for the best ways to spot a true bottom. The headlines are full of mixed messages and the Fed's next interest rate move will be a big factor...
Have you heard the phrase "dead cat bounce" before? The saying comes from a comment some trader made that when dropped from a tall building even a dead cat will bounce, but that doesn't mean its alive. With all respect to deceased felines, I would expect that is what...
These are the strategies we have used in past articles to leverage the market free fall. We have been looking at various ways to grab gains in a dropping market since last December when the signs were starting to appear that times were gonna change. In fact, the...
Yesterday's move in the S&P was a strong signal that we are heading to a further decline. After an extended sideways move the S&P broke below the 10 day moving average to the downside. The MACD also crowned and started to point down. Here is an idea on how to...