Following the Rules
Following the Rules This year has been the most frustrating year I can remember. The market just will not behave and decide where it is going, which is really annoying. I remember that last year I was complaining that the market was boring. What I would give for a boring market right now! Bulls in […]
Trading the Bear Market
So the Bear Won! There’s no doubt about it: we are in a bear market. The special edition of the blog on 22 September gave an alert that SPY was in bear terriory, and it has been downhill since then. All three major indexes are in bear territory, albeit starting on different dates. Which bear […]
The Bear Is Back
Back in a Bear Market. There’s no doubt about it; last night’s market drop has put us right back into bear territory. SPY closed at $377.39 which is quite definitively under the Bear threshold, see the chart below. All four conditions for entering a bear trade have now been met, so if you wish to […]
Ready To Take Action?
Bear Market Signals As I sit here waiting for inspiration to strike, the lyrics from the theme song of Friends, the 90s sitcom, keep going through my head: ‘It hasn’t been your day, your week, your month, your year’ That’s what it feels like! For most of this year, we have been sitting on the […]
Heading Into a Bear Market?
Is the Bear Market Coming? What a difference 2 weeks make! In the last blog post, we noted that, after climbing strongly from early July, SPY had bounced off the Correction level. We were wondering whether it was just a temporary setback and SPY was going to continue up – or not. Well, we got […]
Stock Market Quotes
How Does The Market Know? Seriously – its spooky! Take a look at the chart below – notice that the SPY has closed almost exactly on the correction line then bounced off again. When you think of the millions of trades with hundreds of stocks that make the SPY index every day its hard to […]