Kudrna's Stock Market Talk

The S&P 500 index’s price action on Friday (3/9) was
not too encourging. It closed at 1370.87 and has been
in cosolidation for about a week now. (more…)

Forest Labs (FRX), the generic drug maker, is one of the stocks
picked up by our extreme breakout screener as of 1/13. (more…)

Santa may be late this year, if he comes at all. The anticipated Santa Claus rally that many were looking for has now seemingly become a myth that will not come true. I’ve noticed other traders have performed some research and they say typically the Santa Claus rally is active for the last five trading days of the year into the first two of the new year. After another week of flat action, the bulls are growing more cautious and less optimistic this rally will take place. (more…)

Over the past week, sentiment has gone from invincibly bullish to cautiously neutral.  Once again, the markets have begun worrying about the EU situation, as we have come to expect. After tentative action starting Tuesday, the markets rebounded on Friday after fluff headlines that an EU agreement is in place. Unfortunately, the agreement still does nothing to truly remedy the situation, but you wouldn’t know that from Friday’s strong action. (more…)

KOTM’s Andrew Keene discusses the S&P 500 (SPX) with Angela Miles on CBOETV. (more…)

Building upon last week’s aggressive and profitable action, we will look to see if the positive sentiment can continue for another week. It has been a long time since the bulls have had consistent positive action to work with. The EU situation is still a large burden. No real solution has even been discussed. Currently the only plan is tossing more money at the problem to delay more pain in the short-term. With that being said, we must stay aware and ready to pull our trades off the table if the sentiment starts to turn negative once again, and it will. The only question is when. (more…)

A reminder of the good ol’ days as this week was arguably the most fun and profitable week many bulls have had for many months, if not the entire year.   For this week alone, the market acted sane and healthy once again. This was a great treat for the upcoming Holidays, many more smiles on faces and much more optimism in a fearful and negative world. If you had followed my trades for free on SeekingAlpha, alongside the 36,000 other market players (shameless promotion), you’d have enjoyed a great week as well. (more…)

Historically positive seasonality? What positive seasonality? The markets have seen none of this lately as we have a slow grind lower on light volume. Usually, sentiments are optimistic and seeing the bright side of everything as the Holidays surround us. Usually, fund managers need to chase performance before the year is over to make numbers look better. So far, none of this has been seen. Will we see the Santa Claus rally so many are looking for? (more…)

Wednesday’s final hour sell-off continued on Thursday as reluctant dip-buyers allowed the bears to gain ground. (more…)

Before I start to trade everyday I try to focus and think about what kind of day we might have. (more…)