The Apple Short Trade Continues

The AAPL short trade is turning into a textbook example of the overbought and evening star candle setup. So what do we do from here?Support may be found at the old pivot high, around $135. This would be a good area to exit shorts and possibily enter long. However, longs should be wary of the... Continue Reading →

Chinks in the Armor: STLD

STLD and other steel stocks have been momentum favorites of mine for quite some time. While many steel stocks still look solid (l MT and RIO to name a few), some noteworthy high flyers are showing chinks in the armor. This is not a good sign for the industry as a whole.Let's take a look... Continue Reading →

Market Technicals

The S&P 500 is at a critcal juncture, already having broken below the 50 day moving average and now ready to test recent lows. If we see a breakdown below 1487, we officially will be in a short to mid term downtrend. A violation of this level would also signal a double top short setup.... Continue Reading →

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