The market’s wide selling pressure yesterday had the Tech ($QQQ) leading the major index ETFs lower. I wanted to follow up on the anomaly that I was picking up on yesterday, Utilities ($XLU) rising with 10 yr rates ($TNX) over the last two weeks.  Utilities diverged, finally, getting smacked down (that is a finance phrase […]

The market had a modest, bullish move this first trading day of May with stocks moving higher. Leadership was in the technology ($QQQ), healthcare ($XLV), and utilities ($XLU) sectors. I was a little perplexed with the higher move in utilities ($XLU). The reason being that 10-YR Treasury Yield ($TNX) is up sharply over the last […]

A little volatility last week with the bears taking Monday and Thursday, but the resurgent bull stormed in on Friday with both a strong open and close. Tech ($QQQ) and large-caps ($SPY) led the bounce, while small-caps ($IWM) lagged with smaller gains. Keep an eye on the small-caps ($IWM), they need to lead. The consumer […]

I was talking to my good friend Joe Cusick from MoneyBlock about the overbought nature market. Joe immediately starts telling me how stressed small business owners are in his Chicago neighborhood. He tells me about a gentleman who has owned a small grocery/convenience store in the neighborhood for over 20 years, and the last four […]

We had a mirror image of Monday’s action with the market opening up weak only to rebound into the close.  I expect that the market action will continue to stay choppy into the Fed Policy and Friday’s Employment report. As I noted in the last few corners, Small-Caps ($IWM) need to be the catalyst if […]

The big-cap names surged early Monday and then started the slow grind down for the remainder of the day. The S&P 500 ($SPY) finished the day in the red, down by .41 percent. Tech ($XLK) and Materials ($XLB) finished in the green giving some pause to short-term negative nature of the big-cap S&P 500. What […]

If you take a look at the short-term Breadth Indicator, specifically the 10-Day Moving Average, the General Market Indices ($SPY/$QQQ) are all above and remain bullish. Of the five offensive sectors, three are trending up and two are flat. This is mixed action where Consumer Discretionary ($XLY) is flat, Finance ($XLF) flat, Tech ($QQQ) in […]

Been a while, but I want to put a piece together that gives perspective on position sizing. Some of the Tradespoon faithful have heard one of our valued webinar presentation partners, Joe Cusick from TradingBlock.com, say, “the big killer to traders, especially trend traders, is they trade too big. Size kills!” He is right, sizing […]

The trend is your friend, and this continues to be true in 2015. This upside trend has been in play since 2013 so trying to pick a top or pick your point of a sustainable pullback is just futile. So quit trying to beat the bullish long-term trend…and just trade. Your core position should be […]

If you look at the six month price chart for Twitter ($TWTR) you will see a gap down in price in late October, and a gap up in early February. This leaves a three month price island where the stock traded between $36-$40. Twitter ($TWTR) has been in a consolidation for the last month, trading […]