Has a Bear Market Started? There has been talk in the trading community lately about the coronavirus triggering a bear market. Has a bear market started? Probably. Richard Wyckoff wrote extensively about reading the market’s technical signs and signals to gain an advantage in investing and trading. One of those signs is starting to unfold. This is a quarterly chart … [Read more...]
A Market Assessment for This Week
A Market Assessment for This Week A market assessment of this week would have to conclude that this market just doesn’t want to go down very much, despite the growing signs of weakness in the background. I detailed some of that weakness in last Friday’s post, which you can read here: Signs of Weakness in the Markets. And, in fact, more weakness appeared over the last … [Read more...]
An Afternoon Trade
An Afternoon Trade Here’s an afternoon trade in the S&Ps (ES) that set up wonderfully today. This is a common pattern we see on trend days. Trend days open at one extreme and close at the other. Today opened on its highs and closed near its lows. Trend days provide excellent trading At times, though, trend days that start in the overnight market seem to die out in … [Read more...]
