This week I have less general market commentary and more focus on specific stocks. I’m seeing more long opportunities than short opportunities, but I am generally seeing a good balance of both. Many of my ideas from last week are also still valid.
The action in the QQQQs was actually quite helpful last week. I had [...]
The market is right at an inflection point. 880 was tested today and held. Coming into the day short, obviously I was disappointed when the GDP number disappointed and the market still held up. I then thought that the market might fade after the initial pop but it held.
I did add long positions in [...]
This week, many of the major indexes are right at resistance or support. We definitely want to be prepared for action this week and all of the potential permutations of how things could play out.
We are all waiting to see if the January and February highs at 880 ($88 SPY) will be a breakout or [...]
My analysis of the coming week is that the market right now is harder than it has been all year. While it may seem boring, I will continue to play the market from a hedged portfolio. I’m staying in idle mode and I am keeping the throttle pulled back.
From a bullish perspective, all of [...]