This market is weird. So it seems like a tug of war between buyers and sellers and SP 1000 is the do not cross line.All of this activity is based upon positioning for the employment number tomorrow. I’m starting to think that it is going to be a non event. If it [...]
Continue reading about It’s a tug of war, could it be the bottom?
I’ve been saying all along buy on the dips, but yesterdays selling was so intense I was selling everything myself. We haven’t seen selling like this since last September. The NYSE Ticks were pegged below -1000 for a majority of the downdraft. I sold most stocks but failed to sell my biggest [...]
Continue reading about I expected a selloff, but not like this…
Well folks, this is what we are waiting for. The S&P’s seem to be hovering slightly below the 38.2 retracement which is 1017 and sitting on the secondary trend line in this uptrend. I don’t think that it will remain here. I am expecting a close above this level. So I [...]
Continue reading about The market has dipped, therefore I am a buyer
