Stock market indexes remain in an uptrend, as does gold, presenting lots of opportunities for swing trading stocks. Here’s the outlook and stock watchlist for high momentum stocks potentially near breakout points. I continue to take long trades as quality...
The S&P 500, Nasdaq 100, and Russell 2000 futures/indexes remain in uptrends, with the Russell looking a little flatter. There is certainly the possibility of a pullback, but that is why we use stop losses on our swing tradings. I...
In terms of the major indexes, the story is the same as last week. The S&P 500 remains in an uptrend following the March 2020 bottom. The Nasdaq 100, Russell 2000, and the Dow Jones Industrial and Transportation indexes are...
Bitcoin has a cup and handle forming. Cup and handles are one of my favorite patterns, and the pattern in Bitcoin is “ideal”.There are a few versions of the cup and handle that I trade. The one forming in Bitcoin...
The S&P 500 remains in an uptrend following the March 2020 bottom. The Nasdaq 100, Russell 2000, and the Dow Jones Industrial and Transportation indexes are also in uptrends since that point. There was a whipsaw day on July 13,...
Restoration Hardware (RH) has recovered all the losses that occurred following the initial panic selling that gripped the markets due to Covid-19 in late February and March. After forming a v-bottom—the cup part of the cup and handle strategy— the...
The stock market, as indicated by the S&P 500 and the NYSE Advance-Decline (AD) line, remains strong. The NYSE AD pushed to new highs on June 8, while the S&P 500 remains below its high (February). This has historically been...
Still seeing some really explosive moves in stocks. Need to be a little more selective as not everything is booming, but still a lot are. Everyone is worried about a correction. That is always a possibility. I try to keep...
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