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 […]

Stocks start the week in a mixed fashion. Market breadth has been near-term bearish. But the risk indicators that we watch (trend channels and momentum ratios, etc.) favor the bears. With that said, while bearish sentiment stole the spot light last week, we still have the macro trend to the upside. That action trumps the […]

Consumer names ($XLY) like Kroger ($KR) and CVS ($CVS) are up between 1-2 percent. This was also on impressive volume, especially in the small-caps ($IWM), which almost had 2 times the average daily volume. While this is bullish we need financials ($XLF) to pick up in order to keep this momentum going. We are seeing […]

The trade yesterday was choppy at best, with the S&P 500 ($SPY) having a $1 range and finishing on its lows. The large-cap Consumer Staples ($XLP) names have been some of the biggest losers this month. Procter & Gamble ($PG), PepsiCo ($PEP), and Colgate Palmolive ($CL), all have negative short term trends, one, four, and […]

I have to keep it short today but I wanted to talk about the action last week, specifically bonds ($TLT). S&P 500 ($SPY) fell around 1.5 percent for the week, which is only a blip in this bullish trend. The bonds ($TLT) on the other hand fell~ 4.0 percent last week and are down ~10 […]