The performance of the stock market in the first quarter of 2018 left many investors and traders nervous if not disillusioned. This is especially true of those who just moved into the stock market in late 2017 or early 2018. In last weekend’s article, “The Week Ahead: the Good and Bad News For Investors,” I discussed my view…
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Should You Be Getting Ready to Buy? – May 4th
The S&P 500 dropped 20 points below the 200 day MA at 2615 on Thursday May 3rd before it reversed to the upside and closed at 2639. The buying continued on Friday May 4th and the market's strong close was impressive . The market internals were strong with 2239 stocks advancing and just 746 declining.…
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The Week Ahead: Are Barron’s Big Money Advisors On Target?
The S&P 500 lost 0.85% on Friday while the Nasdaq Composite declined 1.3% which erased much of the week’s gains. Both still closed the week higher as they were up just over 0.5%. The small-cap Russell 2000 did better up 0.90% while the Dow Transports were up over 2%. On The NYSE there were 1843…
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Don’t Ignore Candle Stick Warnings
Many years ago I was giving a presentation in Tokyo when a client gave me a copy of “Japanese Chart of Charts” by Sieki Shimizu. Candle charts soon became a part of my regular analytical routine and there is one formation that I have found to be especially valuable. This formation is called a doji…
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How To Use Fibonacci Levels for Trading Profits
Fundamental investors often talk about “value levels” and “well-valued stocks”, but when it comes to determining at what price to buy a stock, there is often little agreement on when a stock is really “undervalued”. Technical analysts, on the other hand, use a variety of methods to determine whether the market is going to move…
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The Week Ahead: Rough Waters Or Smooth Sailing Ahead For Investors?
In only four days of trading, the stock market had something for both the bulls and bears. The sharp rally on Monday was consistent with the previous week's one-sided market internals, when the Dow Industrials declined 1413 points. Last weekend's article predicted not only Monday's rally, but also “that a market rebound will be met with…
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