3:58pm
Bullish action in the S&P today, closing higher by 8 points despite GSE concerns and higher oil. Stay tuned for today’s video.
Intraday Commentary
20
Aug
19
Aug
3:55pm
The ES held 1263.50. The counter-trend rally may have one final push higher left in the tank, but its looks as though the downtrend is likely to continue in short order. Stay tuned for today’s video.
18
Aug
4:15pm
The markets traded lower today after being liberated from the manipulation of options expiration. The S&P broke below its ascending trendline but saved its uptrend by not making a lower low. Stay tuned for today’s video. (click image to enlarge)
17
Aug
On Friday, Peter posted:
Hi. I think we might see a bounce in oil next week. What stocks would you recommend getting in to, if we see a rising oil price?
Peter, I try to keep my trading ideas as simple as possible. If you think oil is going to rise, you could get long USO, which [...]
15
Aug
2:31pm
I am heading down to the Cape for a weekend getaway, so there will be no video today. I will try to post one over the weekend, maybe on Sunday. Everyone have a great weekend!
14
Aug
3:41pm
Sellers just won’t show up ahead of options ex. Stay tuned for today’s video.
13
Aug
4:12pm
The bears did not sell with any conviction today, and that may be a bullish sign for the remainder of the week. Stay tuned for today’s video.
3:47pm
The S&P, NASDAQ, and Dow are all heading for negative closes, but the IWM is positive. Small Caps continue to outperform. Commodity related stocks performed very well today.
12
Aug
4:00pm
The ES made a final push in the past 20 minutes to close the 60-minute candle at 1290.50, hardly an impressive break below the 1291 level. Stay tuned for today’s video.
3:39pm
Here is the pullback that we called for. Let’s be patient and not jump to conclusions about the status of the current rally. Tomorrow will [...]
11
Aug
3:50pm
ES held its 50MA. 10 minutes left in trading. We are holding our SSO (L) position and will look to cover on strength tomorrow. The S&P has a shot at the 1320 level before technical selling shows up. This is the week of options expiration so cautious is advised. Stay tuned for today’s video.
08
Aug
4:20pm
S&P pierced its 50 moving average… Dow up 300 points… What a relevant post I made yesterday about 300 point rallies in the Dow and Bear Markets. Don’t try to derive too much from that article. I just thought it was interesting that most +300 point days occur in bear markets. But this is not [...]
