In mid-November 2016 I took a three-week trip to Asia. I know I said I would post my trip report months ago but the Trump rally completely got in the way. The market has just been on fire reaching new all-time highs and the trading opportunities have been unreal. Priorities When you are trading for …
It was another good week with the market with the S&P 500 up 4 days. The SPY is now sitting at $203.20 with an all-time high above $213.00. The key level I am watching is $206.00 as this is a potential turning point for the SPY. The overall market is important to watch regardless if …
When it comes to new traders I find there are two schools of thought regarding trading strategies: (1.) Those that think if it isn’t expensive it isn’t worth learning. (2.) Those that think there is one “secret formula” which they haven’t yet discovered, will make them filthy rich overnight. What these people don’t understand is …
Hey I know it’s been several months since my last post. Fortunately, I believe I have had a good reason for my lack of posts. The last 6 months were pretty crazy for the stock market. Yes, the market got caught in a range during April and May (even though now it is making a …