The complexion of the market changed considerably in June as fatigue finally set in after a very strong rally. June was littered with a spate of heavy volume down days, especially in tech stocks, which is not ideal for this aging bull market. The biggest negative divergence occurred in the Nasdaq and the Nasdaq 100,…
Market Update: Nasdaq Forming Head & Shoulders Top In a normal world, the market is in the process of tracing out a near-term top. I made the case in this story on Forbes earlier today. – Read Here. I say “normal” because this market has been anything but normal. If the Nasdaq closes below the 50 DMA and…
Trading is Like War The stock market is a war between buyers and sellers, who each want to take the others money. The stock market is rough, and if you don’t approach it with the disposition of an irritated general, you will lose. In the stock market, nice guys finish last. Sun Tzu’s “The Art…
Most traders have a hard time believing that they can make money by buying a stock and waiting… Most of us work for money, not the other way around. Go to a job, put in the time and you get a paycheck. Work hard, your paychecks will grow. …But the thought that you can…