On Monday, the S&P broke through its 50 DMA and it is marginally up again Tuesday morning. It is now towards the top of the range that it has been trading in since the March 28 high around 5250. But…
The S&P surged 64 points (1.26%) on Friday to 5,128 – right up to its 50 DMA (5,130). The 50 DMA continues to serve as resistance and the S&P continues to trade in a range (4950 – 5250) defined by…
I came in to Day 2 of Graton’s opening weekend $400 $200k Guarantee with high hopes having the 2nd largest chip stack out of 153 remaining players. While it didn’t go the way I hoped it would, I played my…
Incredibly, after coming within my Aces holding up vs Mikhail Sniatovksii’s Kings for the chiplead on the bubble in Flight B on Friday, I came back on Saturday and bagged the largest stack of Flight E – 2nd largest overall…
One of the reasons I believe that I continue to improve even as I approach 50 is my willingness to get outside of my comfort zones and try new things to see if what I’m doing in any of my…
If you would have given me Apple’s (AAPL) earnings report before it came out, I would have told you that the stock would be down – possibly by a lot. Because it was decidedly mediocre. And yet it’s +6% in…
Obviously the most important event on tap Thursday is Apple (AAPL) earnings after the close. While the stock is off more than 10% YTD, it is still quite overvalued given the lack of growth IMO. In his piece on AAPL…
During the three weeks from Friday March 29 through Friday April 19, the S&P dropped from 5,254 to 4,967 (287 points or 5.5%). When it rallied from Monday April 22 through this Monday April 29 to 5,116 (149 points) –…
The consensus narrative is that the correction over the last month has ended as the S&P has bounced starting last Monday. But the S&P has still failed to surmount its 50 DMA – and was rejected hard there in Tuesday’s…
As I suggested late afternoon last Thursday, the most likely scenario was for the S&P to gap up to near its 50 DMA in the wake of strong Google (GOOG) and Microsoft (MSFT) earnings and then trade sideways for the…