Let’s start by taking a look at some basic moving averages and any changes from last week so that we can get a basic pulse on the market. Sometimes it is helpful to remind yourself of the obvious. You generally won’t make money shorting stocks when the major averages are above their 50, 200 and [...]
The market was slow today ahead of earnings numbers coming out tomorrow after the bell (CSX and INTC) and economic data on Wednesday. But, if you didn’t believe the market could breakout over the Lehman gap today, it turned out to be a pretty good bet to fade the pre-market run up and take profits [...]
Sometimes the market surprises you, but as predicted, it looks like today will be a slow day and it seems that yet again ES will not break from its overnight range.
I’m not doing much today. I’m trading flat and just working on some picks from my watchlist. I added VVUS, SVA and BCRX this [...]