The markets On Thursday I said that transports would bounce back from an oversold condition. What happened on Friday? Transports bounced back from an oversold condition. They were up the most of all the major indexes – 0.41%. The industrials were up 0.15% but the...

The market Transports had a big move down last night. They went down 3.11% – anything above 1% is significant, so this was a big deal. Looking at the 21 EMA set-up on the Dow Jones Transports index, you’ll see that it has come down three-times the average-true range...

The markets Last night we saw three major indexes hit all-time highs – they are as high as they have ever been in history. The S&P 500 is at an all-time high, as is the Nasdaq (up 0.34%) and the industrials also reached an all-time high. These indexes were spurred...

The markets The Nasdaq moved up last night and hit a new all-time high. Many of the FAANG stocks were also up. Facebook, one of our earnings, has doubled in value since we got in. We are looking to exit Facebook, but it was up $1.57 on Monday. Amazon was up $13.28....

The markets The Nasdaq was dead flat on Friday and I have to confess that I am not surprised by that. It had moved up for 10 consecutive days, so it’s hardly surprising that the Nasdaq had a flat day on Friday. Also there are a number of technology stocks due to...

The markets I spoke about this on Tuesday as a likely scenario and yes, it has happened. The Nasdaq has broken all-time highs. My forecast was the headline of Tuesday’s blog, ‘Positive FAANG Stock Earnings Could Push the Nasdaq to All-Time Highs’. I pointed out that...

The markets It was fairly flat in the markets yesterday. The Russell 2000 was up the most of any indexes, which is fortuitous because the elite students and I have a position in that index to the upside! The Russell 2000 was up 0.23%. The transports were the worst...

The markets Last night the market was muted. There was not a lot happening. The Nasdaq was up the most, 0.25%, but not showing a lot of conviction. The other indexes were flat or slightly up, with the exception of the transports, which were down 1.3%. I wasn’t...

The markets The market went up last night. Every single index was up – the Nasdaq was up 1.21% while the Dow Jones Transports were up 1.22%. The Russell 2000 was up 0.77%, the S&P 500 was up 0.73%, and the Industrials were up 0.57%. The UVXY, a measure of intraday...

On the weekend I addressed thousands of people at a London seminar and I invited one member of the audience to place two live trades on stage with me to demonstrate the power of what I teach. One of the trades I placed was on COST (Costco). I bought a put option, then...