STOCK MARKET OBSERVATIONS FOR April 26, 2015: The stock market is at the top of its trading range right now. While the Nasdaq and S&P 500 are reaching new highs, the Dow Jones Industrial Average and Dow Jones Transportation Average have yet to confirm. With all six of the internal breadth indicators listed below in neutral positions, the general market has room to go in either direction. This is a time to step back and let the market determine its own course. With the release of Apple’s earning on Monday, we could get our answer real soon.
Key underlying market indicators show the following:
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ADVICE TO TRADERS AND INVESTORS: There are no trades in sight except for possible accumulations of precious metals on further weakness in the coming weeks. While it may not be the final bottom for these issues, a policy of dollar-cost averaging may be a smart way to play the GDX, GLD, and/or SLV Exchange-Traded Funds. These ETFs are gradually approaching the lower end of their trading ranges where they should all find support. Of these issues, I prefer the GDX because it has the highest average daily volume and greatest volatility.
Categories: Stock Market Strategy Tags: AAPL, ETF, invest, investing, investing tips, investments, money, money mastery, QQQ, SPY, stock action, stock market, stock trading, stock trading tips, stocks, tony robbins, trading, trading tips, wall street
STOCK MARKET OBSERVATIONS FOR April 19, 2015: The stock market challenged the previous highs on Thursday before dropping into the end of Friday’s session. What looked like a breakout to the upside is now threatening to be just the opposite – a breakout to the downside. But most of the internal indicators are approaching oversold levels. These indicators tend to be a couple of days early so that a trading bottom appears to be more than a week away at best. This is a time in which a smart market player waits for a deeply oversold bottom before committing any funds.
Key underlying market indicators show the following:
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ADVICE TO TRADERS AND INVESTORS: Be ready for a short-term bounce on further weakness during Monday’s or Tuesday’s session. You can take small bets on the following leveraged broad-based ETFs for fast money: SSO, DDM, QLD.
Otherwise, it is best to wait for oversold readings in the Full Stochastics Indicators for the DIA, SPY, QQQ, and IWM Exchange-Traded Funds which are just now beginning their decent downwards.
Categories: Stock Market Strategy Tags: AAPL, ETF, invest, investing, investing tips, investments, money, money mastery, QQQ, SPY, stock action, stock market, stock trading, stock trading tips, stocks, tony robbins, trading, trading tips, wall street
STOCK MARKET OBSERVATIONS FOR April 5, 2015: The stock market climbed and dropped last week putting all of the internal breadth indicators in neutral positions. With the negative jobs reports on Friday, expect the stock market to begin the week with an initial sharp downward move. But don’t be surprised if this spike down is completed by late Wednesday and the start of another “V-Shaped” bottom takes shape. This has been the pattern over the last several months as the hedge funds, computer trading, and institutions compete for performance.
Key underlying market indicators show the following:
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ADVICE TO TRADERS AND INVESTORS: Be ready to act on weakness during either Wednesday or Thursday as the oscillators approach oversold readings. This could be the beginning of another V-Shaped bottom with a short, but violent rally over the near term. You can take small bets on the following leveraged broad-based ETFs for fast money: SSO, DDM, QLD
STOCKS NEAR OR AT THE BOTTOM: MSFT
EXCHANGE-TRADED FUNDS NEAR OR AT THE BOTTOM: IYT
Categories: Stock Market Strategy Tags: AAPL, ETF, invest, investing, investing tips, investments, money, money mastery, QQQ, SPY, stock action, stock market, stock trading, stock trading tips, stocks, tony robbins, trading, trading tips, wall street
