New Highs and Counting the Days

This market moves highs and grinds. It's strong, no denying that. However, the market internals that I have relied on for decades tell be to wait. Now is the worst of time to start new positions. Day-trade all you want, but the time to enter for holding is not now....

Another Day Sideways

The broader markets made an incredible run higher from the sharp selling three weeks ago. Market internals turned bearish several days ago and prices are extended from support. However, the broader markets and most stocks defy the odds of a normal retracement and have...

When Is High Too High

As technical traders and investors we are always trying to determine if prices are too high or too low. The goal is to avoid the pullbacks that can be too costly to sit through. We also want to take advantage of the pullbacks that have the odds of providing high odds...

Market Update for 07/07/2016

  The S&P 500 shown with the ETF symbol SPY above is at resistance and consolidating. The size of the retracement from the sharp selloff suggests SPY should be able to move above the resistance area eventually. Of course, that assumes it doesn't fall all the way...