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Market Review This week has been an ideal example of how the clock can give a tuna/billfish trader an ideal trade. Hop on board long somewhere during the AM TURN on Monday and get out somewhere around the lunch high (upthrust out of distribution) yesterday! Had you done that, you’d have taken home around 120 handles. Give or take a 10 handle on each side! What’s a few handles among friends, said the bigger trader on the floor one day… What could be more ideal? Free money on the table all week. No resistance from both houses. And who gets to sign it on Friday? Was’t there a speech made...

Market Review If you’ve been reading this blog for the past few weeks, then you know I’ve been beating the drum regarding professional selling. Here’s just a small snippet from last Friday: “The market is not buying into it. On a day that should have been for the bulls it was the bears ball. Cash opened in the middle third of the previous day and the bulls were hit hard with selling power. I was hearing 100 lots on my tape reader program at the top and on the way down. If selling power is the path of least resistance, then the 3884 and then the 3878 might be tested today or over the w...

If it don’t fit you must acquit! It’s strange how art (Seinfeld) and reality (Political Theater) blend together in this made for TV movie reality we’ve been in / viewing this week. A fire chief is not the same as the President of the United States of America. As George Canasta would say; “If you believe it…it’s true!” Aerostealian Logic seems to be the rule and not the exception in 2021…It’s the tool the savvy salesman uses against the weak minded, dimwitted individuals. The market is not buying into it. On a day that should have been for the bulls, it was the bears’ ball....

Market Review Using the context of the new administration, who can do no wrong and what’s going on in the offing events tied to the earnings season? Here’s how I saw yesterday’s market using the principles of Wyckoff and through the eyes of WB. The stimulus is coming. Sure, we don’t get $2K as promised in the campaign speech, it’s been whittled down to $1,400 with limitations on the rich. Mom was not happy when she heard that. She said; “That does not come close to compensating me for being locked up in the house for a year and not being able to go to church on Sundays…”

Market Review In all this political uncertainty, who would have thought the next hot topic would be the unfairness of the common public getting a run on Wall Street’s finest? GameStop is a true example of supply and demand. In all the rhetoric, no one ever talks about going short the box. Had they been short the box, then they would have had the shares… If you recall, over the last two weeks I’ve been talking about the insiders who were selling on the rallies. If you want to see a video I made (it’s not two hours, it’s just thirty minutes) I talk about how they took advantage of tha...