Capital Preservation First, Maximum Profits Second
From the category archives:
Wednesday morning broadcast explaining the reasoning behind exiting the AAPL position prematurely and taking 1.5% profits before reaching target.
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Every day the market is open there’s a Market Open broadcast where we look at the trading day to come. Topics covered can include technical analysis for the day, economic report analysis, news, rumors and speculative plays and stock setups.
MACD Zero Cross Showing Momentum Building
Yesterday’s economic reports all came within expected ranges, some over, some under… so that’s not a problem. Next, we gapped up yesterday, launching off those 20/50 day moving averages, so that’s even better. And we’re building momentum now, with the MACDs on all the major indexes showing a cross over [...]
The start of March should prove to be the start of a new leg up for the markets as well as Apple (AAPL). In my view, AAPL is an excellent risk to reward buy anywhere between 204.50 and 206. If the economic reports this morning (Monday March 1) are fair to good, we should see [...]
Hollow Red Candles are Inverse of Black Candles
On Thursday the markets gapped down, and pretty significantly I might add. With such a large gap down one would have to expect a gap and run, in other words to keep moving down. Well that’s the way things started, but at some point the Bulls came back [...]
Daily Charts Overbought, Near Term Assisting with Selling
After a sharp move up it’s normal for markets to consolidate as the oscillators in the near term, like the RSI and Stochastic, get extremely overbought. It’s desirable when this consolidation can unwind the oscillators without any serious price erosion. This is the type of action we’re experiencing [...]
When the Time Comes Go Cold Turkey
Very rarely do I make calls based on fundamentals, but this is one of those times. I’m calling for the market to advance for the next several months, possible through the Summer and into year end. So my prediction is that the indexes, the broader markets will advance appreciably [...]
In this conversation with investors, Ernie makes an important call on the market. The full conversation is 40 minutes long and is archived on the Live Stream page where it can be viewed. If you sign up as a Guest (no charge) you can view all archived investor conversations.
