11-13-18 / Choppy Trading – You Can Also Sit On The Sidelines

/in /by

The Stock Market involves real money, so it's by no means considered just a 'game', but similar to many  games, we have a few choices when we take a position(s).  If, over time, we find that things are getting a little rough ( the markets may get choppy for example,  or players may get banged up), we still have choices.

    3 basic choices are:

1. We can exit the playing field (sell) and head for the sidelines to avoid all  of the choppiness.

2. We can stay in the play until we get 'stopped out' or are rewarded with a move higher

3.  Just wait on the sidelines and see how the game plays out for a bit as a spectator, and look for a better time to enter

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Nov 10 – Weekend Review

/in /by

It was a bit of an exhausting week with the constant volatility and choppiness in various sectors of the markets.  let's review this weeks  market activity....

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IWM DAILY  - I drew this on Nov 8 saying that short term, I would expect the markets to pull back due to this light volume rising bear  wedge, however...

 

IWM DAILY  - That doesn't mean a big pull back, it may simply be this tag of the 10sma...

IWM DAILY  - And so far that is what we have.  IWM dropped and bounced off of the 10sma.

   

Now let's look at the Bigger picture...

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November 8th – Friday

/in /by

It is the Last day of the week and the Elections have passed, the somewhat non-event of the FOMC Meeting has passed, so now let's just take a look at what we have going on...

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SPX - We had a slight pause on day 8, so I have just drawn in a possible dip to an inverse H&S at the 10 sma as support.  This is just hypothetical.

 

However here is another reason that I think we may see a drop in the General Markets....

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