Over the past few months, I have discussed my bullish case and reminded members to stick to the trend for the following reasons: The Fed, little distribution, the major indexes are above their key moving averages, and the leaders are acting well. I mentioned that if I notice any of these factors change while doing [...]

From now until month-end, I am still expecting a choppy range. Some factors that might add to volatility over the near-term include quarter-end portfolio re-balancing, the upcoming Jewish holiday, and the news cycle shifting more towards politics until earnings season starts again in October. I don’t see any significant or sustained downside and I am [...]

In the last MidWeek Video, I mentioned that I increased my investment levels in anticipation of a possible rally off the Nasdaq’s 50-day and into regular cycle options expiration next week. When the reversal occurred on Thursday 9/10, I sold my Nasdaq 100 ETF position and reduced my overall exposure. I sent an email on [...]

During the market’s recent pullback, I noticed: 1) There wasn’t heavy distribution 2) The major indexes held their key moving averages and 3) The true market leaders held their key levels. I view these developments as positive and they are keeping me bullish over the near-term. Many people are wondering why the recent drop happened? [...]

The market needs time to repair the drop from Thursday and Friday. While going through my screens this weekend, my biggest takeaway is that stocks need time to allow for the volatility to calm down and to provide for safer entry points. It’s probably best to keep positions light until we get more clarity. One [...]