The market seems to have lost much of its stream as it closed last week just slightly above where it began the week. We are still sitting at a resistance point where we’ve turned around several times previously, so I think many buyers are timid at these levels. At this point, I expect more of the same…more sideways movement as the market grinds away at these resistance levels. The VIX is down at levels that we haven’t seen since last …Read the full article
I sold the rest of my SOXL at $130.15. Boring week in the markets. Not an easy one for momentum stocks. It looks like we’re closing in on a green week so hopefully we get through this resistance and establish a trend. We will see what next week holds. It’s very important in these markets to not chase. As the market overall slows down, moves tend to be more short lived. If you buy at the top of a short …Read the full article