The Dow is flat today- a good sign after 400 consecutive up points last week. JP Morgan continues to work higher as well. Folks, we made it out of the trading range last Friday! So stage two confirmation is now awaiting. We are looking for a pullback to the previous breakout, or 100 day line (purple…

The market looks enticing to buy here, but don’t let cash burn a hole in your pocket. This is the same setup from last week. Yes, we are above the 100 (purple line) and holding so far. But we need confirmation! I know, I know… you are tired of hearing that. But look at the chart- we…

After a few days of battering in the portfolio, our stocks bounced back with vengeance. Nothing to get excited about as they are all up against a form of resistance and are not pushing any higher as a result. This is occurring because either a moving average is in the way or stocks are at…

Hey if you want to short this market go ahead. Keith McCullough and other top traders are definitely winning on those bets. Read their tweets (right column). But we don’t trade here. If you want to I suggest buying SDS or SPXU, the double and triple short S&P 500 etfs. If you want to do…

We are going to start our first round of buying aimed at the strongest names in the portfolio. We are adding to the S&P 500 (UPRO), MOS, and would like to add to VMW but we should not get too aggressive today until we see clarity. We cannot buy everything in sight just because we…

So, patience paid off today as the S&P failed the 100 day support (purple line) or, the 1375 level that everyone refers to. Many traders were out to short at 1375 but, like I always say, on this site we take the traditional approach to investing. That means we don’t try to time the market…

Today we opened above the 100 but now the SPX is at resistance of 1375- 1378. We are waiting for confirmation, maybe today or Monday, to see if we hold the 100 or surpass 1378. On another note, we sold TNH for a small gain today. Liking the setup in TNH very much because of…

The S&P broke the 100 this morning to the upside. Waiting for the test back of it to get proper confirmation. JPM and GS had positive earnings reports along with EMC on the tech side (3 stocks we are targeting), so this certainly did not hurt the markets. TNH and CF also broke out this…

The S&P is now tempting to break above the 100 day moving average (purple line) on Ben Bernacke’s comments today. He didn’t say anything meaningful except that, once again, he would act only if necessary. This sent the markets higher. While the overall breadth is not great (the other stocks in our portfolio are up only modestly), the…

When we say ride the wave we don’t mean it in a good way. Of course, if you are a trader then you love this market action because you can trade the range of ups and downs with ease. However, here at wallstreetstocksolutions.com, we take the traditional approach to investing, as any other way is…