1) The NUMBER ONE criteria I use to evaluate the overall health of the market is the price action of leading stocks. Right now, I am finding many strong fundamental companies forming strong technical patterns. When I see this across many sectors, the market has a high probability of doing well. 2) Seasonally, we are [...]
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 [...]
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 [...]
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 [...]
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 [...]