Leo's Den

Leo's Den

If you are looking for the bigger picture then here is Red's longer term views on where the stock market is heading to next.

Unemployment numbers don’t matter…

The market rallies again today as more people are kicked to the curb!  It seems that nothing matters to the market, as it rises...

Obama puts Bears to Sleep…

Another dreadfully boring day as Obama speaks in tongues again. Bears fell asleep! I took the day off too, as I'm patiently...

Another Whipsaw Wednesday…

Well, I expected them to take it back up (as I said yesterday)... but not all in one day!  I stated yesterday that I...

Fund Managers To The Rescue…

Looks like we got our "Happy New Year" rally as the Fund Managers buy up bargain stocks with the poor little Retail Traders' money. ...

Falling Asleep Now…

Sometimes I have written these posts a day earlier... at least part of the post.  It's now 9:26pm on Monday night, and I've already...

In the Eye of a Hurricane…

Today was yet another flat day, as everyone is waiting on earnings to be announced.  It feels like we have been in the eye...

Gap was filled, but volume is weak…

The gap was filled today on the intraday low from 2008, but I'm still looking to see the closing gap filled at 110.34.  Tomorrow...

Tonight’s Posted Delayed.

Sorry folks, I'll been really busy today and got home too late to think.  I'll post something tomorrow morning before the market opens.  I'm...

Weekend Update…

We are now at a dangerous point, as we managed to close at 1126 spx last week... which is at the 50% fib level...

Flat as expected…

The market was flat today as I expected it to be. More light volume again, which means it's easy to push up. ...

Weekend Update…

Happy New Year all of you and Happy 100th post to myself! I never thought I'd continue writing posts on this blog, as it...

Weekend Update…

That sure was a nice start... Let's hope that it continues, (unless you're a bull of course).  Just an update... I sold my short...

A Non-Event Day…

It seems that the Fed's out-smarted the bears again, as the rate increase yesterday didn't affect the market at all today.  You could have...

Big Volume equals a Down Day…

Looks like the market hit close enough to the 110.34 SPY mark, as it quickly reversed at 110.31.  I went short today and sure...

Red's Daily Updates

ES Morning Update August 19th 2019

The futures are up nicely this morning as the bulls woke back up last Friday. But there's a lot of overhead resistance waiting for...

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