Don’t Be A Stranger!

New Post

I’m migrating to http://www.RangeTraders.com/blog — NEW POST Today!

Feb. 28th Video

Hear Ye, Hear Ye!

I’ve been working on a couple of projects today.  Of course, market analysis has been part of it with most of my efforts put toward releasing the March newsletter.

My second project involves completing a new website and new blog.  Yes, it’s true . . .  I’m going to pack away the crystal ball and put my pointy wizard hat in storage.

Moving to a blog that I host will give me lots more opportunities for video and other exciting  enhancements.  So probably the first week in March this site will no longer contain current market information — you’ll need to be at the new blog for my up-to-date ruminations.

Speaking of which . . . I think we might have a pop Monday.  Maybe even a little upside for the week, but I’m also thinking March might be the start of some tough months ahead.  I’ve got more analysis, numbers, watch lists, and good stuff in the newsletter.

If you want a copy feel free to hop over to RangeTraders.com and help yourself.  The new blog information will be there too.

I’ll let you know a day or so in advance of my leaving the wizard’s den and heading over to the new address.  Enjoy the rest of your weekend.

In The Books

With trading finished for the week and the month this weekend holds lots of projects I must complete.  The March newsletter needs the latest data and there is lots of information to digest.

I’ll post some fresh and tasty market commentary later tomorrow.  Enjoy the weekend!

Agreed

It seems safe to say that given today’s market action the two prior rallies were counter trend moves.   Here are the numbers to watch:

Resistance — 1110

Support — 1045

Break — 1077

Break Down — 1057

Feb. 24th Video Commentary

Tonight’s market analysis from my sister site:

FWIW

Here are a list of stocks that I think might make good shorts, at some time.  In no particular order:

BP

CVX

FSLR

KSS

MON

TLT

BG

PBR

TOT

I think the cleanest patterns are the indexes themselves: SPY, DIA, IWM, and QQQQ.

When Will It Happen?

If you’re unfamiliar with Island Tops you should check-out what they are . . . this one is soooo obvious.  StockCharts.com has very reliable information — you might try searching their site.  What a pretty picture!

Video

Video link to tonight’s market commentary: