I’ll be honest - the ferocity of today’s last hour decline took me by surprise and took me out of a few positions.  From the top of today’s range (13,498) to the bottom (13,199), the Dow ‘lost’ 300 points today in steady decline.
The opening hour above yesterday’s close lured in new buyers hoping everything was […]

While doing my evening scan, I found the following stocks very interesting from the standpoint of major technical damage that has occurred to them over the following days during the market decline.
Of course, I am not advocating trading these stocks – I am only noting that these have interesting patterns that have taken down price […]

Where the major indexes stand currently, we are experiencing an orderly, yet rapid, pullback to established support zones.

Recall that as a market rises, it undergoes pullbacks to shake out excesses and allow opportunities for latecomers to establish new positions, or current traders to establish larger positions.

Markets pullback as a result of orderly profit taking from […]