For those who have been following along, this trade has been closed. ... Read the full post ... Read more

I'm long a little. ... Read the full post ... Read more

The markets are digesting the gains of the last week above the rising 5 day moving averages (orange line). The blue lines on the charts below are the VWAPs since the uptrends began one week ago today. The average price from the rally is a key intermediate term psychological level as it represents th ... Read more

Never iron a four-leaf clover, because you don't want to press your luck. ~Unknown If you're enough lucky to be Irish, you're lucky enough! ~Irish Saying ... Read the full post ... Read more

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The financials led the market lower and now they are experiencing the strongest bounce from the lows. The XLF is at the 61.8% retracement level and at the area of prior support, now is the time to be very defensive with longs, this is where we have POTENTIAL for resistance to be found. The short ter ... Read more

The short term uptrends remain intact but they are quite extended at these levels, be sure to have a plan in place to lock in profits. I told my Mom to put a stop on half the remaining balance at 28.30 in the QQQQ, if stopped out she will have 25% of the original position from 26.70 ... Read ... Read more

There are two types of minds - the mathematical, and what might be called the intuitive. The former arrives at its views slowly, but they are firm and rigid; the latter is endowed with greater flexibility and applies itself simultaneously to the dive. ~Blaise Pascal ... Read the full post ... Read more

Here is the video of tonight's live session. I will be working to get the audio perfected for future events. Stock Market Live Analysis 031509 from brian shannon on Vimeo ... Read the full post ... Read more

I will be doing a live event again this Sunday March 15 at 8PM Eastern you can REGISTER HERE Last Sunday's event did fill up so be sure to register early. I built a cool little recording booth today which should make recording and uploading the event easier than it has been. I got the idea f ... Read more