Good evening StockBandits!

Thankfully I’ve never faced such a situation, but I’ve seen on TV and movies (so you know it’s true!) where someone is facing a limited amount of oxygen. Anytime that happens, they have to make their moves carefully, as there can be no wasted activity. And you know, that kind of summarizes the way this market looks right now, where we’ve rallied huge on diminishing, light volume, and now we’ve started to stall out. Nobody likes altitude sickness. [Read more…]

Good evening StockBandits!

Incremental new highs in the blue chips grabbed the headlines, but today’s move really took place in the small-caps [Read more…]

Good evening StockBandits!

Stocks gapped higher this morning to kick off the new week, but there wasn’t any meaningful intraday progress. [Read more…]

Good evening StockBandits!

Close, but no cigar. That was the case last week as S&P bulls aimed for 2000 and missed the mark – but not by much. [Read more…]

Good evening StockBandits!

A soft open this morning left traders in limbo to start the day. The opening gap held until a late-morning [Read more…]

Good evening StockBandits!

They say that showing up is 90% of success. In most parts of life, simply showing up can do wonders for you. And lately, the bulls just keep showing up, which is leading to success for them right now. Yesterday, they set [Read more…]

Good evening StockBandits!

Last night I discussed the potential importance this week for the market, and particularly the bulls, and they wasted no time in reclaiming some very important levels in today’s session. [Read more…]

Good evening StockBandits!

Summertime is winding down, as is earnings season, and that means stronger volume soon and more of a return to purely the technicals. Funny enough, that’s exactly where this market happens to be right now, as a major test is underway [Read more…]

Good evening StockBandits!

So far, we’ve had a week of quick [Read more…]

Good evening StockBandits!

Today kept the gap-fill streak intact as another soft open was met with enough buying to return to last night’s closing levels. We also saw another mid-day reversal, the 4th straight [Read more…]