A weekly Saturday night financial show that attempts to predict market direction for the week ahead by looking at a variety of charts and technical indicators.
The big takeaway from last week’s trading is just how powerful the underlying bullish sentiment on Wall Street really is.
Continue reading “Saturday Show For Week of October 2 2017”
The market prediction for the biotechnology ETF IBB was spot on this week. For all four trading days this week, the IBB actually touched the predicted path.
Continue reading “Market Prediction For Biotechnology Is Spot On”
The Russell 2000 crushed the market prediction path and exploded higher this week on Republican’s tax plan. The idea is that small cap stocks are mostly domestic companies that are less able to take advantage of tax loop-holes and so they are the companies that will benefit the most from tax cuts.
Continue reading “Russell 2000 Market Prediction Update For 9-28-2017”
Markets outperformed all of the predicted paths this week which really testifies to the bullish sentiment still prevalent in markets since Trump’s Presidential victory in November of 2016. The Parabolic SAR on the S&P 500 has even given a buy signal.
Continue reading “Markets Outperform All Predictions This Week But Elevated Put Buying”
A rare box-top has formed on the TICK chart on September 28, 2017.
Continue reading “Rare Box-top Forms On TICK Chart”
I took a swing long position in Amazon stock today after the chart confirmed a candle over candle reversal. Folks I’m addicted to Amazon as a company as well as its stock.
If you watch the Saturday Show on YouTube then you know my wife has severe pancreatitis. She has been hospitalized since August 1, 2017. Amazon has made things better for my family. I needed to order special medical supplies for my wife and even electrolyte ice-pops that make it possible for her to absorb potassium through her mouth because she can’t hold down anything in her stomach. These items are such “specialty” items that it would be impossible to find these things locally.
Continue reading “I’m Hopelessly Addicted to Amazon Stock”
SOXX stock scares me right now folks. Yes it had a big up day but one day does not a market make. I put the prediction odds at about 50% if SOXX goes higher or lower from here. I’m not convinced SOXX has bottomed for the weakest 6 months of the year and I’ll explain why.
Continue reading “How SOXX Stock Can Get You Into Trouble Fast”
I bought some Vipshop Holdings stock in my personal trading account this morning. The relative strength is awesome. The Effective Volume study shows large players volume is in a strong uptrend.
Continue reading “Vipshop Holdings Rising Large Players Volume”
The semiconductor ETF SOXX is following the predicted downward move closely. SOXX is now at a critical support level at $151.50. I think it will likely break below the $151.50 support level.
Continue reading “Semiconductor ETF SOXX at Critial Support Level Test”
The Equity Put Call Ratio is rising which means put buying is outpacing call buying. Put hedging often happens before a market pullback on the S&P 100.
Continue reading “Warning, Equity Put Call Ratio On the Rise”