Master Trader Plan for 12-02-19

The broader markets in most sectors moved higher last week and the majority of the gain came on last Monday. While the following two days advanced Monday’s gain a bit further, traders came back from the Thanksgiving Holiday feeling a little bearish. On Friday, the...

Master Trader Plan for Week 11-25-19

Coming into this week we didn’t have expectations for the markets to move in either direction very far, and they did not. We will chalk up last week to a correction week within the existing uptrend. Of course, not every broader market or sector is in an uptrend but...

Master Trader Plan for Week 11-18-19

In last week’s letter, under “Where Are the Markets Headed” section, I said: “While the markets might be due for a short-term rest, they are not at an overbought extreme based on their percentage difference from their respective 50-day moving average. However,...