The S&P 500 index lost 0.9% on Wednesday as it backed off from new medium-term high of 4,587.64. The market extended its uptrend, but it closed near its daily low. S&P 500...
The Bitcoin price has continued to move in a sideways pattern for the past number of days, and this is despite the fact that we have seen the Fed dialing down their hawkish tone by...
Major US indices are winding down a tremendous month as interest rates have fallen amidst expectations that the Fed is done raising its policy rate. The DJIA, S&P 500, and...
It has been an interesting two years since the S&P500 struck its all-time high at $4818 on January 4, 2022. Although the Bears feel pretty beat up by now and the Bulls invincible...
It has been a relatively slow start to the week given what is at stake we remain waiting for the potential breakout in the Russell 2000 (IWM). The Russell 2000 has drifted back in...
A reminder that on average, the seasonal pattern for S&P 500 rises into year-end, pulls back, ticks a new high early in the year, pulls back, and then rallies into the ‘sell in...
The year 2023 so far can be considered a successful year for stock markets And, forecasts for 2024 are moderately optimistic for risk assets From a technical standpoint, the...
Is a stock market correction coming before the Santa Claus rally at the end of the year? It is a fascinating turn in sentiment, given that investors were convinced of the bear...
It has certainly been an interesting year or so since S&P 500 struck the low in October of 2022. If you remember, most were looking for the market to head considerably lower at the...
The S&P 500 slipped 0.2% on this first Monday back from the Thanksgiving-affected week. Not much is going on in the financial press, and a little give-back following last week’s...
Unfortunately U.S. brokers typically don't allow trading in that foreign (UK, France, Italy) ETF. I wish they did. I'd buy it on this oversold bounce we're about to begin.
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let it ride!
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sold spxs position filled Spxl
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Someone knows how to play it! I sold SPXL pre market and bought back near today's low plus at 4110 in case 4100 wasn't penetrated. Ready to add third tranch at 4010, as I almost always scale into positions, to reduce risk and improve avg. purchase price. Only reason I expect lower on Monday is that follow through is typical, given media over the weekend, but oversold levels will sustain a stronger rally than yesterday's. And yeah, maybe we need to rinse and repeat again to get to 200 DMA, but there's plenty of money to make in this trading range.