We all experience rare moments when a blinding revelation comes to us, when we suddenly see things differently than ever before. Usually, however, we learn the truth about ourselves gradually, over long periods of time, from quiet introspection. We are all spiritual, but some of us have learned to tap more effectively into the great strength that resides in the spiritual portion of ourselves. The spirit is not boisterous and noisy. Getting in touch with your spiritual self demands tranquility and solitude. Make sure you dedicate a portion of every day to thought and study, to think and reflect upon your life. Choose a time and place that best allow you to relax your mind and devote your thoughts to reflection. |
trading
Friday 27 November 2020
"A most beneficial use of time is silent meditation, while searching for guidance from within."
Thursday 26 November 2020
Sunday 22 November 2020
Saturday 21 November 2020
In summary, the SP-500 chart looks bullish and will stay bullish unless SP-500 closes below 3500.
The broad market, as measured by SP-500, finally reached a new all-time closing high this week on Tuesday, November 16th. It was unable to hold that level and has now fallen back a bit. In fact, it has closed back below the old September highs of 3588.
Friday 20 November 2020
Sunday 15 November 2020
The market remains volatile and -- so far -- within its previous trading range, on a closing basis.
Last Monday, the COVID-19 vaccine news caused SP to gap up on Monday's open.That was the largest percentage gap to a new all-time high in history.
As traders know, there's an old adage to "sell the news," especially if there has been anticipatory buying before "the news." And they did, driving SP back inside its 3200-3600 trading range.
It still seems that a close above the highest prices reached in September -- would be an upside breakout and would have follow-through. So that is near-term resistance. A breakout to the upside would be worth following.
Friday 13 November 2020
Sunday 8 November 2020
In summary, SP-500 is range-bound and volatile.
Friday 6 November 2020
Monday 2 November 2020
What price action to expect after the Election ?
One scenario is for the market to rally after the election. Why? There are three reasons:
- If Biden wins, people can expect a large stimulus package.
- If Trump wins, people can expect favorable business policies to continue.
- Regardless of who wins, everyone will be relieved that it is all over and buy the market.
Saturday 31 October 2020
Thursday 29 October 2020
Anything is possible.
Now the only remaining near-term support area is at 3200. If that gives way, a pattern of lower highs and lower lows will be in place, and that is the mark of a bear market. That would be a game- changer.
Saturday 24 October 2020
Friday 23 October 2020
Tuesday 20 October 2020
A history of bull markets.
Based on history, this bull market is still in it's early stage. With Fed's commitment to low rates and aggressive support to the economy, corrections are buyable cyclical events within a secular bull market.
Sunday 18 October 2020
The S&P-500 chart is bullish and the market is strong for now, but it looks like it's waiting for its stimulus check. Stimulus has become the new drug and the search for a fix continues.
Thursday 15 October 2020
"A SIMPLE FORMULA FOR LIVING"
- Live beneath your means.
- Return everything you borrow.
- Stop blaming other people.
- Admit it when you make a mistake.
- Give clothes not worn to charity.
- Do something nice and try not to get caught.
- Listen more; talk less.
- Every day take a 30 min. walk.
- Strive for excellence, not perfection.
- Be on time. Don't make excuses.
- Don't argue.
- Get organized.
- Be kind to unkind people.
- Let someone cut ahead of you in line.
- Take time to be alone.
- Cultivate good manners.
- Be humble.
- Realize and accept that life isn't fair.
- Know when to keep your mouth shut.
- Go an entire day without criticizing anyone.
- Learn from the past. Plan for the future.
- Live in the present.
- Don't sweat the small stuff. It's all small stuff.
Sunday 11 October 2020
Tuesday 6 October 2020
Value stocks beat growth last month for the first time in a year. Will this trend last ?
Some people think this trend could last. They think if Democrats win, that will lead to more fiscal spending, which would help cheaper stocks, and higher taxes, which would hurt growth stocks, like big tech.
Sunday 4 October 2020
There is no way to know how this is going to play out.
The main "line in the sand", at 3300 is still in place. A close above resistance, at 3430 would be bullish for the SP-500 chart and for stocks in general. On the other hand, if SPs were to close below 3300, then the bears would have the upper hand.
Thursday 1 October 2020
What do you need to do to win the 4th quarter ?
"When you experience someone else’s genius work, a little part of you feels, 'That’s what I could have, would have, and should have done!'
Someone else did it. You didn’t. They fought the resistance. You gave in to distractions. They made it top priority. You said you’d get to it some day. They took the time. You meant to.
When this happens, you can take it two ways: You could let that part of you give up. 'Oh well. Now I don’t need to make that anymore.' Or you could do something about that jealous pain. Shut off your phone, kill the distractions, make it top priority, and spend the time.
It takes many hours to make what you want to make. The hours don’t suddenly appear. You have to steal them from comfort."