Here we have an old video of Paul Tudor Jones after the 1987 Stock Market Crash. This is a good time capsule.
Drop me any night owl ideas overnight.
Comments »Here we have an old video of Paul Tudor Jones after the 1987 Stock Market Crash. This is a good time capsule.
Drop me any night owl ideas overnight.
Comments »It is hard not to think that corn put in some type of tradable low on Tuesday in the face of a bearish crop report. Note the high buy volume upside reversal candlestick on the daily chart for the CORN fund, below, after a steep prior downtrend. A stop under $25.30 makes sense for any longs.
Long Ideas on Strength: ARO FB GDXJ TWTR
Short Ideas on Weakness: COP CVX MGM WYNN XOM
Drop me your top tickers overnight.
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Comments »If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.
Enjoy tonight’s video, and enjoy your evening.
Comments »It was another dud of a trading session, though some interesting setups are emerging.
We still have a bifurcated market on our hands, with divergences galore and some bonafide red flags.
Miners remain at a critical juncture.
I will cover all of that and more in my video market recap after the bell.
See you there.
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I profiled the homebuilder weakness over the weekend, and looking at the updated daily chart you can see a check-back to the busted neckline of the major topping pattern.
That retracement and kiss of the neckline has now led to further weakness, adding credence to the bear case, despite the many false tops and bear traps the market has offered up since 2013.
With declining 50 and 150-day moving averages, bears are now waiting for the 200-day moving average to start turning lower to cement the case for a multi-year bullish-to-bearish reversal.
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Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.
I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.
Members can click here to view and save the screen.
Sorted for at least 500,000 shares of daily average volume to ensure liquidity.
Please click on image to enlarge.
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