The “Event”
Wednesday is what I'm calling the "event" where the $SPY ripped higher and never looked back. Thursday brought about a nice follow-through day, albeit on lighter volume. I like to…
Wednesday is what I'm calling the "event" where the $SPY ripped higher and never looked back. Thursday brought about a nice follow-through day, albeit on lighter volume. I like to…
Wednesday's action caught some by surprise and perhaps a bit of short covering ensued as a result. I track the $SPX in many areas and one metric is new daily…
September is here and that means the kids are back in school, pennant races tighten up and football gets into full swing (except for Roethlisberger). September also brings the expectation…
In case you were purposefully not watching the market today... there was a bit of a train wreck. Looking at the futures after hours and seeing the continuation of downside…
Today's price action saw the small caps ($IWM) and the large caps ($SPY) diverge, especially as the day wore on. I've always associated the small caps as the riskier play…
After taking a week off I'm truly able to see the market with a fresh perspective. Even though I attempt on a daily basis not to get too set in…
The Volume Weighted Average Price (VWAP) is just an indicator, nothing more. It's not a holy grail, it's not a signal to buy/sell, it's imply the average price over a…
Yes, the 200 SMA was broken on the $SPY today and yes, the markets look ugly right now. This isn't the time to take the day/week/month off. Instead, the proactive…
Seems that the market couldn't be at a more pivotal point than where it sits as of the close tonight. Two days left in the May options and the $SPY…
The Volume Weighted Average Price (VWAP) is one of my favorite "psychological" indicators to use in the market. It can really give you an idea of where market participants took…