Master Trader Plan for Week 4-29-19

Last week’s winners were the prior week’s huge losers; that being the Healthcare sector. The healthcare provider ETF was up just over 7% erasing almost the prior week’s decline. The weekly and daily time frames are still in downtrends and, based on last week’s rally...

Master Trader Plan for Week 4-22-19

Last week brought more of the same for the broader markets: relatively small moves up or down with jerky price action intra-day. The majority of the gains that did occur in the broader markets happened on a gap higher that was followed by a retracement lower. By the...

Master Trader Plan for Week 4-15-19

All the broader markets moved higher last week led by the Transportation index (up almost 2%), which had been lagging. As I mentioned in prior letters, the Transportation Index and the Russell 2000 Index have had a tendency to lag and then play “catch up” over the...