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Updated Thoughts on the Recent Price Action

I always try to keep an open mind when it comes to the stock market. I look at the positive and negative signs and adjust my investment levels accordingly. Unfortunately, I am seeing more negative signs right now and feel that some caution is warranted. NEGATIVES: 1) The number one sign I use to evaluate [...]

By | September 22nd, 2014|Tags: , , , , , , |

Profit Taking In January?

90% of your success as a trader should come from the work, research and effort you put in OUTSIDE of market hours. That's why I recommend traders do post analysis of their work and study market history. Since 2013 was a very strong year for the markets, we could possibly see some profit taking in January [...]

By | December 29th, 2013|Tags: , , , , , , , , , , , , |

A Seasonally Strong Time of the Year

Nothing has changed with my Fourth Quarter Game Plan that I outlined on 9/16/13. 1) There will be no Fed taper until next year. 2) The S&P 500 could see +5-7% upside from here, but individual stocks could potentially see significantly more upside. My feeling is that individual stock pickers will be rewarded more than [...]

By | October 17th, 2013|Tags: , , , , , , , , , |

Price Action Is All You Need

In the past week, I received 3 unsolicited emails from people who attended my seminars. By the way, this is not a plug for them, as I don't plan on running one any time soon. I am writing this to make a point. During my seminars, I constantly stress the importance of watching price action [...]

By | July 15th, 2013|Tags: , , , , , , , , , , |

The Market Still Needs More Time

As the market started to climb last week, I moved from 100% cash and decided to test the waters with some light positions. The reason for using light positions is simple: If they work out, then most likely stocks will continue to setup, and you can use the profits you have to fund additional stock [...]

By | September 21st, 2011|Tags: , , , , , , , , , , |

A Few Words of Caution

Every night, I go through my stock screens and look at approximately 1,000 stocks. Why? Because this is the way I was taught to evaluate the overall health of the market. If I find tons of strong fundamental companies building sound technical bases, breaking out on strong volume, and holding their gains, I feel confident about exposing my capital [...]

By | July 26th, 2011|Tags: , , , , , , , , , , , , , |

Don’t Marry Stocks!

Any time I tweet something remotely negative about Apple ($AAPL), I practically get death threats. I want to make something perfectly clear: When I tweet cautious words about Apple, it is NOTHING PERSONAL against the stock. I am simply using it as an example that you can apply to all growth stocks. Let me explain: 1) Don't [...]

By | July 19th, 2011|Tags: , , , , , , , , , |

Buy the Rumor, Sell the News

I'm a huge fan of the phrase: "Buy the rumor, sell the news." When I first started trading in the mid-1990's, I remember holding stocks that would make big moves ahead of their earnings reports, only to drop after the announcement. I thought to myself: "I don't get it, they beat their earnings and gave [...]

By | April 25th, 2011|Tags: , , , , , , |

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