FOMC Announcement Sparks Selloff
FOMC Sparks Selloff The FOMC announcement sparks a sell off in stocks today. The FOMC announcement shows a 180 in policy from only 6 weeks ago when they raised rates for the first time in 9 years. The sell off in stocks led to another spike in volatility. The Fed indicates a slow down in…
Will the Lows Hold
Will the Lows Hold? What are the odds the SPX lows hold? We can use the chain to determine what the probability a strike price will be in the money by expiration. That will tell us the probability of the lows being tested or broken. There's a lot of news coming out in the next…
Stocks to buy
Stocks to Buy Any stocks to buy? It does seem like stocks are on sale as the S&P has already hit a 52 week low. If you're looking at stocks to buy here are some guidelines. You wanna find stocks that have shown relevant strength compared to the overall market. Here are a few example…
Stocks Sell off
Stocks Sell off Strength got sold again. The market environment is one of fear and hesitation. The indexes across the board are being dragged lower and lower. Stocks aren't able to find a support level. Each gap higher has been quickly filled. If you're not already short this market then it's best to keep your…
Stock Market Capitulation
Stock Market Capitulation Stock market capitulation day. This is the type of action you wanna see when the market throws in the towel. After some heavy sell side activity culminating with record negative ticks the markets rip higher. As we look at the activity we look at the possibility of a short term rally. Keep…
Bonds and Stocks Relationship
Bonds and Stocks Relationship Another roller coaster day, but today finished positive. The bleeding has stopped temporarily. Is there more upside? After such a down move there is always that potential. Stocks went higher and bonds went higher. Does something have to give? It is not likely that we will see stocks and bonds continue…
How Long Can The Pain Last?
How Long Can The Pain Last? Markets are getting ugly. Let's take a look at the indexes on what to expect tomorrow. Unemployment numbers in the morning could drive a lot of the market action.
Lower Highs and Lower Lows
Lower lows and lower highs Lower lows and lower highs in the markets. Tonight we take note of significant and minor support and resistance levels you should keep an eye on. The Nasdaq has a head and shoulder pattern developing. Lastly, let's take a look at the Russell 2000 which is made up of small…
Bargain Hunting for Stocks
Bargain Hunting for Stocks Found a beating up stock you wanna buy? Don't catch a falling knife. Here some different ideas about what you can do to bottom fish stocks.
End of Year Selling Stocks
End of Year Selling Stocks Will the S&P finish above or below the zero line at the end of the year? There are several factors that will impact the markets in the final trading sessions of the year. They include tax loss selling, index re-balancing, quarter and year end window dressing. Let's take a look…