I was talking to my good friend Joe Cusick from MoneyBlock about the overbought nature market. Joe immediately starts telling me how stressed small business owners are in his Chicago neighborhood. He tells me about a gentleman who has owned a small grocery/convenience store in the neighborhood for over 20 years, and the last four […]

We had a mirror image of Monday’s action with the market opening up weak only to rebound into the close.  I expect that the market action will continue to stay choppy into the Fed Policy and Friday’s Employment report. As I noted in the last few corners, Small-Caps ($IWM) need to be the catalyst if […]

The big-cap names surged early Monday and then started the slow grind down for the remainder of the day. The S&P 500 ($SPY) finished the day in the red, down by .41 percent. Tech ($XLK) and Materials ($XLB) finished in the green giving some pause to short-term negative nature of the big-cap S&P 500. What […]

If you take a look at the short-term Breadth Indicator, specifically the 10-Day Moving Average, the General Market Indices ($SPY/$QQQ) are all above and remain bullish. Of the five offensive sectors, three are trending up and two are flat. This is mixed action where Consumer Discretionary ($XLY) is flat, Finance ($XLF) flat, Tech ($QQQ) in […]

Been a while, but I want to put a piece together that gives perspective on position sizing. Some of the Tradespoon faithful have heard one of our valued webinar presentation partners, Joe Cusick from TradingBlock.com, say, “the big killer to traders, especially trend traders, is they trade too big. Size kills!” He is right, sizing […]