If you read our ETF Watchlist for today, you have seen we are already bearish the Financial Sector, so we didn’t have much trouble finding a stock that could fit the description for a short trade. Today, we have Goldman Sachs (GS) on our trade...
Read More ETF Watchlist Yesterday, the S&P rejected pretty hard off the 4000-4010 area and it was a run on the market from there on. Now, it’s approaching yet another major support level, which if it were to break, would likely trigger more selling. We...
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The S&P 500 and Nasdaq Composite were both down to start last week but closed on their highs to finish up 1.9% and 2.6%, respectively, keeping them well in positive territory on a year-to-date basis. Plus, despite the recent pullback, the bulls...
Read More As you read more of these articles and watch more trade breakdowns, you may begin to see some reoccurring themes. In this case, it’s a reoccurring pattern and one we have seen several times across a handful of different stocks. Seeing patterns...
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