Holiday Trading We are in the holiday trading period. The US stock market, as represented by the S&P 500 futures, is in a strong move up. Point & Figure Charts indicate a potential rally to about 3500. We’ll see. Nevertheless, we have entered the American holiday trading period, which typically runs bullish into year’s end. With that background in mind, we will … [Read more...]
Trade of the Day
Trade of the Day Every day brings something different to trading. Yesterday was down, today is up, or days of dull trading resolve in increased volatility. There is always something new. One thing that doesn’t change is the trade of the day. This is the best trade the market had to offer that day. It doesn’t mean that the trade of the day made the most money or ran the … [Read more...]
New Stock Market Highs. Are They Real?
New Stock Market Highs: Are They Real? Last week, the S&P 500 Index made new stock market highs, closing at 3037.56. Are they real? The yearly chart shows that after springing the lows made in 2002, the S&P cash index has been up eleven years in a row, except for last year when the market closed down. Note the volume increased to the downside in 2018, indicating some … [Read more...]