Bulls Back In The Driver’s Seat The stock market remains exceptionally strong. Once again, the latest pullback was another strong buying opportunity. The Dow Jones Industrial Average, Nasdaq Composite, and benchmark S&P 500 are all back above near-term support and, once again, flirting with new highs. This was another shallow/healthy pullback in both size (small…
Here is a test. If a bat and a ball cost $1.10 together and the bat costs $1 more than the ball, how much is the ball? Do you have your answer? If you are like the majority of people, you will say that the ball costs $0.10. That is the wrong answer since that…
I have yet to meet a trader who has made money on 100% of his or her trades. We recognize that losing in the stock market is part of trading, understanding that the stock market can not be predicted with complete certainty. Despite this admission, most people still get very frustrated with losing and often…
Stocks Bounce As Bulls Quell Bearish Pressure- For Now Stocks rallied last week after the narrative in D.C. shifted toward a tax cut. From a technical perspective, as long as Monday’s low holds, this appears to be another short-term and shallow pullback. The major indices are tracing out a new early entry (see the latest…