If only every month were November! Since October 30th, the S&P 500 rallied +5.74%, Dow +6.51%, Nasdaq +4.86%, and the Russell 2000 +3.01%.
Let's now take a look at how the stock screen machine performed in comparison:
To access these proprietary stock screens, please login. [...]
This was a challenging trading week!
For the week overall the Dow fell -0.08%, the S&P 500 gained +0.01%, Nasdaq -0.35%, and the Russell 2000 -1.28%. The best performing ETFs were the US Natural Gas (UNG), Direxion Real Estate Bear 3x Shares (DRV), Direxion Financial Bear 3x [...]
Good morning. The bears are going to receive an early Christmas present courtesy of Dubai.
Futures are under the most significant pressure we've seen in some time on fears over Dubai's debt. Late Wednesday, Dubai World, the city-state's largest corporate entity, asked creditors for a six-month' [...]
It is always a pleasure to read what is on your mind and have the opportunity to reply to questions you send in.
In this mailbag, I will discuss the following:
Learning About Proper Position Sizing
Screening For Low Debt/Equity Ratios
Charting Fundamentals
BRIC Certificate Of Deposit
Transition [...]
You didn't miss much if you were already on vacation.
While traders had a lot of data to sort through and a potentially new trading tax to fear, we closed the day pretty much where it began with holiday-thin trading volume.
Like most days it seems, most' [...]
Good morning. Futures are relatively unchanged as the combination of mixed performance in overseas markets and lots of economic data have traders positioned neutrally.
This morning Q3 GDP revised was 2.8% which was in-line with the consensus. Advanced number was 3.5%. Also, Q3 corporate profits [...]
There's nothing like a ferocious gap to start off Turkey week:
Within the first 30 minutes, we basically priced in a full week's worth of gains and spent the rest of the day chopping around due to every tick in the dollar. Most of the short-term indicators [...]
It is no secret that I think stock screening can be an asset to both investors and traders who seek to outperform the market. For well over the past decade, Mr. Reese has dedicated his career to the extensive use, research and development of stock screens based [...]
Good morning. Futures are positive amid weakness in the U.S. dollar and positive action in overseas markets.
While there are no market moving headlines, some of the top stories include comments by Fed Bullard that U.S. should continue buying mortgage-backed securities past the first quarter of [...]
This week we started like a lion, but ended like a lamb. Or, should I say turkey instead?
For the week, only the Dow was able to show its strength by posting a gain of +0.46% while the the S&P 500 fell -0.19%, Nasdaq -1.01%, and the Russell [...]
Rennie Yang from Market Tells will be here at 11:AM EST to take our questions. To attend, please visit the following link:
One of my daily must-reads is Rennie's morning report where he shares statistical data derived from tracking numerous indicators [...]
Good morning. Futures point lower again as the dollar continues to improve, overseas markets were down and Dell's disappointment set a negative bias.
As expected it is a slow news day, but some of the more noteworthy headlines include an expansion in the Fed's balance [...]
The tight uptrend channel was finally broken today as the market filled Monday's gap and then found support at Friday's afternoon lows:
Like most trading days of late, most of the interesting action occurred within the first 30 minutes of trading. From the start, small caps were under [...]
Good morning. Futures are lower as markets overseas fall under sell pressure and the U.S. dollar sees a rebound. Weekly jobless claims were inline with expectations.
Top headlines include news that the bailout program could be extended, Fed officials play down impact of weak [...]
The three day view of the S&P 500 pretty much sums up the situation:
Much like what we saw last week, we continue to chop around with the programs defending every intraday low making absolutely sure that we don't set a lower low even on an intraday' [...]
From time to time I have been asked to offer my perspectives on things I have found common in successful traders. I have always struggled with my reply to that question because there are only a few traders of which I have gained enough understanding of what they [...]
Good morning. Futures were higher earlier this morning as the weaker dollar helped sentiment, but a few disappointing reports on the economy have tempered expectations. Namely, the CPI rose higher than expected, Housing Starts fell -10.6% in October, and a decrease in mortgage [...]
As we see yet again, the path of least resistance continues to be higher.
While we only managed to eke out a one point gain in the S&P 500, a new high is still yet another new high. Only the Russ was unable to rally again [...]
Keep the questions coming! For today's mailbag, I have decided to talk about the following:
How To Become A Great Chart Reader
Market Surprises & Loss Aversion
Trading With DeMark Indicators
Buying Oversold Stocks In An Overbought Market
Passive Lazy Portfolio Approaches
A One Man Contrarian Indicator
Being [...]
In spite of all concerns, the market headed higher once again.
While last week it appeared that we were range bound, today's action proved that theory dead wrong as we closed at new recovery highs in all but the Russell 2000 which posted the largest [...]
Good morning. Futures are positive as the dollar drops following comments from China and strength in overseas markets. In addition, we have a better than expected retail sales report (primary due to auto sales which was up +8.3%) and a pullback in manufacturing. [...]
After a strong start on Monday, we spent the next four days trading around and ultimately finishing up at the same exact level where we closed back on Monday:
With Monday's big gain, the S&P 500 gained +2.26%, Dow +2.46%, Nasdaq +2.62%, and the Russell 2000 +1.02%. [...]
As always, I appreciate all of the questions. For this week's mailbag, topics I'm covering include:
Why Should You Trade Only ETFs Versus Stocks
Trading For Gaps In Gold
Spotting Bear Traps
Large Portfolio Sizing Issues
The Most Important Level To Watch For In The S&P
Importance Of Volume' [...]
Good morning. Futures are in positive territory as the dollar turns weaker.
While the market awaits the latest read on consumer sentiment, Euro area GDP showed growth but came in weaker than expected, more positive earnings news and mixed reports on Trade Balance and [...]
The dollar goes up and stocks fall. No shocker there!
Upon my post-market review this evening, today's action seemed to generate no surprises. Strength in the dollar and broad weakness in energy appeared to be the primary drivers of today's trade and much like before, once [...]
Good morning. Weakness in overseas markets and a rebound in the dollar after governments around the world stepped up efforts to stem the U.S. dollar's slide have placed pressure on the premarket futures. However, futures have improved a little following a drop in weekly jobless [...]
We gapped higher, pressed to new recovery highs, became overbought and then pulled back as the dollar recovered. That's pretty much it in a nutshell.
There is an old saying that it doesn't matter where you go but where you finish that matters most. For the' [...]
When visiting my mother in Ohio a few weeks ago, she brought out some old photos that I hadn't seen for many years including the following one of my father shown in a newspaper clipping back in January of 1968:
My father was drafted to the army for the' [...]
Good morning. Amid gains in overseas markets, a new low in the U.S. dollar, and strength in China's exports, premarket futures are positive.
Top headlines include news that Geithner affirms a strong dollar policy, Fed officials are more worried about recovery prospects than inflation [...]
While the momentum ran out of steam, the overall market held up ok considering the gains we've seen of late. Weakness in the dollar once again helped keep the bears at bay.
That said, it was a quiet trading day and not one I'd read much into [...]
Good morning. Futures are slightly negative as the dollar attempts to stabilize and investors question whether the rally can continue especially since the S&P has posted a gain every single trading day so far this month.
As expected, news flow is relatively quiet but there are [...]
This morning we gapped higher and off we went:
To say the least, I've been around long enough to recognize a short-squeeze when I see one.
Last week we saw two potential tells that this could be in store - 1) a dramatic change in the sentiment as' [...]
One of the things I continue to notice not only within my own trading circle of friends who trade for a living but also within my mentorship group is that the traders who outperform everyone else have an above average tendency for very strong comebacks. In other words, [...]
What a difference a week makes:
As you know, a week ago things were looking quite grim, but as we've seen several times this year, this market has a knack for playing the comeback kid.
For the week, the S&P 500 rallied back +3.20%, Dow +3.20%, Nasdaq' [...]
Brian Shannon from AlphaTrends will be here at 11:AM EST to take our questions. To attend, please visit the following link:
Brian has become quite popular and for very good reason - many traders have found his technical approach and [...]
Good morning. Futures are under pressure following a worse-than-expected jobs report.
Other headlines beyond jobs include news that the OECD sees strong signals of worldwide recovery especially in China, the G20 to stay the course on economic stimulus, the latest from the [...]
At this time last week, the S&P 500 was at 1066. Today it closed at the same level:
Today's rally was more impressive in my view primarily because if leadership by Russell and Nasdaq - an indication not only that the gains would be sustained throughout the [...]
Time for another member mailbag. Here's what I'll be covering today:
The Importance Of Sector Performance
Quantifying Low/Risk High/Reward Trades
Handling Conflicts Between Weekly & Daily Time Frames
Using Real-Time Scans
TIP As A Cash Position
Reading Fast
Evaluating The Good Guys & The Bad Guys
To read, please' [...]
Good morning. Futures are in positive territory following a batch of better than expected data and earnings news. Markets overseas were mixed after both the Bank Of England & Europe Central Bank followed Ben Bernanke and left their rates alone.
Regarding the economy this morning, investors are combing [...]
It was another interesting Fed Day. Notice both the 10-day & 2-day views below:
We gapped up, hit some stretched levels this morning (like the equity-only put/call) and then crapped out in the final few minutes to fill this morning's gap. Once [...]
As MSN retires its popular and free stock screener this month, I've been asked many times over the past few weeks for other free stock screening solutions. MSN was one of, if not my favorite free stock screener and honestly there are very few free useful' [...]
In the whole scheme of things, where do you think we are currently at in this sentiment cycle?
I think some would certainly say we're at the anxiety stage but frankly we could still only be at the relief or optimism stages instead especially if you're looking at [...]
Futures are positive on this Fed day helped by strength in overseas markets, another decline in the U.S. dollar and an increase mortgage applications.
For the most part, reaction to this morning's jobs data has been muted. According to Challenger, planned layoff announcements fell [...]
Thank you once again for sending in your questions. In today's mailbag, we will cover the following:
My Prep Time
Opinion On Using Leveraged ETFs
Scaling Out After ATR Stop
Expectations For The Housing Market
Robert Lichello's AIM strategy
Volume Spread Analysis
Using Time-Based Stops
Experience With [...]
When the market gets stretched on the downside, it has two basic choices - 1) it snaps back or 2) it consolidates.
Today we saw the latter.
From the get go, [relative underperformance] by the Nasdaq 100 & Russell 2000 indicated this morning's bounce [...]
Good morning. We start the new trading week with positive 
