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Posts Tagged ‘AAPL’

WALL STREET CRAPS STOCK MARKET STRATEGY – AUGUST 2, 2015

August 2nd, 2015 Comments off

craps front coverSTOCK MARKET STRATEGY FOR AUGUST 2, 2015: The stock market may have reached an important intermediate closing low on Monday July 28th. Since that date, it has advanced to an area of resistance that we find ourselves at this time. With the internal indicators in neutral position, the general market has the probability of going in either direction. But the likelihood is that the lows have already been seen and that dips should be bought now for a ride back up to the old closing highs.

Key underlying short-term market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: Be looking to buy on weakness in the coming 5 to 7 trading sessions. The safest buy bets will be in the major broad-based Exchange-Traded Funds (DIA, SPY, QQQ) as there is no telling which sectors will perform best. You can also take small positions in the leveraged ETFs (DDM, QLD, SSO) for a quick ride up to challenge the old highs once again.

FEAR & GREED INDEX FOR JULY 25, 2015 – Entering Buy Zone!

July 25th, 2015 Comments off

fear greed July 25

WALL STREET CRAPS STOCK MARKET STRATEGY – JULY 19, 2015

July 18th, 2015 Comments off

craps front coverSTOCK MARKET STRATEGY FOR July 19, 2015: The internal market indicators are approaching overbought levels just as the major averages are reaching resistance. While there is still room for more upside action especially with Apple reporting this week, the normal course of action would be a mild or sideways correction. After the recent “Perfect Storm” of negativity (Greece, China, rising interest rates, Wall Street power outage), the market may have created a clearly-defined floor at Dow 17500. This means that all dips should now be bought.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: Postpone new purchases until the market works off its overbought readings. The next bottom may be short-lived and not amount to much in terms of a price correction. The general market may only need time to stall rather than correct in terms of price. After this most recent “Perfect Storm of Negativity,” the marekt could be in the position of “climbing the wall of worry” in the July-August-September time frame after a brief pause. It terms of sentiment, the market has seen the worst for the time being.

FEAR & GREED INDEX FOR JULY 12, 2015 – Near Buy Zone!

July 12th, 2015 Comments off

fear greed July 12

WALL STREET CRAPS STOCK MARKET STRATEGY – JULY 12, 2015

July 12th, 2015 Comments off

craps front coverSTOCK MARKET STRATEGY FOR July 12, 2015: The stock market’s gap openings on Thursday and Friday made it very difficult to trade last week’s spike bottom. With all oscillators returning to neutral levels, the rhythm of the market is once again set up to retest last week’s lows. If we should get a hard move down on Monday and/or Tuesday, be ready to take new positions as we approach Wednesday (time-wise) or Wednesday’s low readings (price-wise).

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: If the market declines hard on Monday and/or Tuesday, be ready to “catch the falling knife” by taking long positions in the market. The bad news “cover story” will most likely come from something related to Greece, China, or an interest rate hike. Whatever the news is it will only serve as an excuse to the market to come down for its retest of the lows.

The safest buy bets will be in the major broad-based Exchange-Traded Funds (DIA, SPY, QQQ) as there is no telling which sectors will perform best. You can also take small positions in the leveraged ETFs (DDM, QLD, SSO) for a quick ride up to challenge the old highs once again.

WALL STREET CRAPS STOCK MARKET STRATEGY – JULY 5, 2015

July 4th, 2015 Comments off

craps front coverSTOCK MARKET STRATEGY FOR July 5, 2015: The stock market declined sharply last week on the bad news from Greece. This sets up a possible retest of the lows on either Tuesday or Wednesday. If the market should come down hard for the next two sessions, it would be a distinct possibility that a new trade-able low is in place. So be ready to cheer on any bad news and sharp declines early this coming week as an opportunity to go long for a quick ride up to the top of the trading range.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: If the market declines early next week (Tuesday or Wednesday), we should be prepared to “catch the falling knife” with gradual buying on the way down. This would qualify as a “5-Day Retest” of a previous market low. The market doesn’t even have to be near the previous lows in terms of price levels. It only has to drop hard for two days in a row. The safest bets will be in the major broad-based Exchange-Traded Funds (DIA, SPY, QQQ) as there is no telling which sectors will perform best. You can also take small positions in the leveraged ETFs (DDM, QLD, SSO) for a quick ride up to challenge the old highs once again.

FEAR & GREED INDEX FOR JULY 4, 2015 – Near Buy Zone!

July 4th, 2015 Comments off

fear greed july 4

WALL STREET CRAPS MARKET STRATEGY – JUNE 14, 2015

June 13th, 2015 Comments off

craps front coverSTOCK MARKET STRATEGY FOR June 14, 2015: The stock market declined into last Tuesday’s bottom and then rallied sharply for the next two sessions. The “5-Day Retest Rule” from my book implies that an important intermediate bottom could occur on a hard drive down towards last week’s low especially if it is accompanied by obvious bad news. So if Monday closes with a news-influenced sharp decline, be ready to pull the trigger and go long on early weakness Tuesday. Just remember to limit your risk by only buying broad-based, actively-traded ETFs incrementally.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: If the market declines early next week (Tuesday or Wednesday), we should be prepared to “catch the falling knife” with gradual buying on the way down. That’s because the pattern of last few years has been for markets to make only “V-Shaped” bottoms. The safest bets will be in the major broad-based Exchange-Traded Funds (DIA, SPY, QQQ) as there is no telling which sectors will perform best. You can also take small positions in the leveraged ETFs (DDM, QLD, SSO) for a quick ride up.

WALL STREET CRAPS STOCK MARKET OBSERVATIONS – JUNE 7, 2015

June 6th, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR June 7, 2015: The stock market has declined to a point where its next move may be a reversal to the upside. During this past week, some key breadth indicators reached deeply “oversold” levels. All that remains is for the market to make another move to the downside on obvious bad news. That would set up the reversal and rally we have been anticipating. But be careful here as well. There is an alternative strong case for the market going on another leg down.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: If the market declines next week (Tuesday, Wednesday or Thursday), we should be prepared to “catch the falling knife” with gradual buying on the way down. That’s because the pattern of last few years has been for markets to make only “V-Shaped” bottoms. The safest bets will be in the major broad-based Exchange-Traded Funds (DIA, SPY, QQQ, IWM) as there is no telling which sectors will perform best. However, the transportation sector does appear to have bottomed and its IYT Exchange-Traded Fund should offer some downside protection.

IMPORTANT NOTE: Although the current correction has been long enough in terms of time or duration, it has not done enough in terms of extent or price erosion. This shallow downtrend would appear to need a spike down to support levels around 17600 in the Dow Jones Industrial Average.

WALL STREET CRAPS STOCK MARKET OBSERVATIONS – MAY 31, 2015

May 31st, 2015 Comments off

craps front coverSTOCK MARKET OBSERVATIONS FOR May 25, 2015: The stock market remains within striking distance of its all-time highs. The recent period of consolidation and decline has moved breadth indicators closer to “oversold” readings. In fact, the daily TRIN readings have been on the “sell” side for 12 out of the last 13 trading sessions. This sets up a possible buying opportunity in the near term if the market can continue its decline for the next 5-7 trading sessions. Look for “obvious bad news” to provide the necessary cover for entering the market to go long.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: If the market continues its decline in the next week to 10 days, we could be presented with a short-term buying opportunity. Since this could result in another “V-Shaped Bottom,” you’ll need to have some positions in place before the tide turns. This means that you’ll need to divide up your capital and wade into the market waters in gradual increments while trying to catch the proverbial “falling knife.”

Your best vehicles will probably be broad-based Exchange-Trade Funds such as the SPY, DIA, and QQQ. For more speculative accounts, the SSO and QLD may provide extra leverage for the initial thrust out of the oversold condition. But be careful here, stay nimble, and don’t get too greedy. The next rally from here may only turn out to be a consolidation period before a 2nd nasty leg down starts.