Articles by Warren Bevan
Markets rolled over this past week…and just continue to chop around this summer, which is perfect and should provide a setup up for some great fall action. Gold and silver continue to look for lower -- and are trading in a tight range.
Markets found lows last week…and are moving back to the top of their ranges for now. However, the big question remains: Can they breakout with heavy volume? I still think we won’t see a major breakout until the Fall…but I’ve been wrong...
Last week saw markets top out. Therefore, it wasn’t difficult to predict resistance levels after such a strong previous two week. Consequently, there are some stocks which are holding up…so I did do some buying. So it ended up being a...
A very strong week for markets with some heavyweight stock reporting great earnings and surging, taking the Nasdaq nicely higher, although the Russell2000 and S&P500 are lagging and may find some resistance.
Between the NYSE computer issues, Greece and the Chinese making up rules as they go, there is just too much risk. Half the battle is saving your powder for the easy money…and it will come. To be sure trying to trade this type of action...
Markets were acting decent after the Federal Reserve came out last Wednesday and said nothing new. Some stocks are still doing fine. Consequently, I did do some buying in last week, but I’m not heavy by any means.
Markets were strong, then stalled…and finally ended the week on a weak note. I remain in cash…but I did take one small position Wednesday…and it is working well In any case I have tight stops, since this market is not acting normally.
Markets began to act sloppy this week…breaking to break below breakdown levels late in the week. Consequently, I locked in all my gains Thursday…and am now in an all cash position and looking for a little correction.
Gold and Silver markets and stocks started the week out on a rough note, but there wasn’t any panic selling. And stocks which have been strong held up well…so I held onto almost everything -- and even added a bit on Tuesday.