July 28, 2017

Archives for July 2010

Where are we headed?

Okay, I have a few links of interest for all of you before I get into the post. Where is the SPY headed over the short-term? Lessons From Irwin T. Yamamoto Independent Trading: Pros & Cons So, today was quite interesting to say the least. The market rallied before the open only to close near the lows of the day. Sure, it looks bearish and I think over the next few months we are headed lower, but I think over the short-term we should see a decent bounce. Here are just a few reasons why I think we could see a nice advance over the next 5-10 days. The large gap in all of the major indices (plus almost all sector ETFs) from 6/29 has yet to close All of the major indexes have moved into a short-term oversold extreme … [Read more...]

Another IWM Trade

I made another trade in the Russell 2000 (IWM) just now. Here is the trade: I also sent out my monthly performance newsletter today so you should all look for that in your email box. If you are not signed up for my free email newsletter and wish to do so, you can sign-up on the right-hand side of the website. Kindest, Andy … [Read more...]