The markets continue to get weaker and the banks are getting hit with sellers. There are a few names we are watching for trigger-based setups and they all fired yesterday. $GS, $MS, and $WFC all had the setup and structure and all have swung lower due to the markets. Is there a chance for a […]
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Negative sentiment is being seen in the stock markets again as the Dow looked set for steep triple-digit losses and S&P 500 futures slumped 1.5% to a new low of 2715. The tech sector is under additional pressure after chipmaker AMS (OTCPK: AMSSY) plunged 27% as its outlook triggered alarm bells on a big day for corporate earnings. Broader forces […]
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After the extreme break in the S&P 500 on October 10th, the markets have been trading in mostly sideways. Sure, there was follow through on the 11th as you can see in the chart below, but since then it has not continued the break. During the 7-day consolidation period, volume and volatility have slowed markedly. […]
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Skechers USA, ($SKX) reported earnings last Thursday after the close of the market. The stock had lost almost 50% of its value year to date and was trending lower. The stock reported a better than expected outlook for the fourth quarter and earnings topped analysts’ consensus estimates. However, its sales growth slowed and missed expectations. […]
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The healthcare sector today was mostly bearish. One stock that has been particularly bearish over the last several days is Bristol-Myers Squibb (BMY). The stock is down from around $63.00 on October 9th to under $51.00 today. Part of this was due to the overall weakness in the healthcare sector, but compounding the decline is the […]
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In today’s video I discuss the recent bearishness of the market and how to take advantage of this via inverse ETFs.
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Today’s trading action was fairly mixed, with the equities markets generally trading sideways with a slightly bearish inclination. However, some stocks did move strongly, and one of these was Titan Pharmaceuticals, which rose over 25% higher for the session. This was a trade signal we entered yesterday after the stock showed signs of sharply growing […]
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So before we know it, we’ll be bombarded with the sales events of Black Friday. Let me be the first to throw that term out to you this year, as today is a Black Friday of sorts as well. 31 years ago today, in 1987 we witnessed one of the biggest single market smackdowns ever: […]
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Proteostasis Therapeutics Inc (PTI) was a tremendous runner today in the biotech space. The stock traded up to over +390% on extreme volume after the company announced that its study for patients with cystic fibrosis met all of its endpoints, which was fantastic news to investors and traders. Presently I see support at $7.31 but […]
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VantagePoint Trading Software is a forecasting tool that uses both end of day data and artificial intelligence to provide traders a forecast of market movement. These forecasts are 1-3 days in advance and help traders improve their timing on making trades and maximizing profit potential. The artificial intelligence software forecasts market movement for stocks, futures, […]
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