Anatomy of a Broken Momentum Stock – Bad Signs For Market

I am seeing a lot of momentum stocks which have broke down below their trend lines. CPLA is a good example. During the trend, the stock has continually bounced off either the 20 day or 50 day moving average. Just as important, down moves have not shown much distribution. That's not the case right now.... Continue Reading →

The "Throw Up" Trade Produces My Greatest Trading Day

When things were at there worst yesterday, besided feeling like throwing up, I felt the markets were extremely oversold and ready for a bounce. I entered seven short term positions which I sold into today's strength (please note that I posted tickers of my entries yesterday). The only thing that links these positions is that... Continue Reading →

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