This week’s news was dominated by a strong sell-off on Wall Street on Wednesday. The selling was indeed broad and touched almost all sectors. But by the end of the week most major indices have found support and are rebounding. Read the rest of this post
Only 4 days after we closed our position in the S&P 500, an opportunity presented itself to re-enter the market. We did just that on this Monday, March 16th. Even before Janet Yellen delivered her statement, our charts registered sustained buying pressure in stocks. Read the rest of this post here
The beauty of following a rules-based trading system is that it removes most of your own bias out of trading. We followed our own rules and exited the long position in SPY on March 10th. For now, we are letting cash sit on the sidelines while watching which way the market will head next. I am not yet convinced that this correction that started in in late February has run its course.Read rest of post here.
The S&P 500 was down for the second week in a row. Friday’s losses contributed the most to the plunge, as $SPX fall almost 1.5% - on above average volume. We still have some of the position in SPY open that we entered on February 3rd, but we did take profits along the way. Read blog post here. Watch on YouTube here
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