Bob Byrne is a full-time private daytrader with 10 years' experience. His trading relies on technical analysis and focuses primarily on the energy sector. Bob is also a writer for and the host of a daily trading chat room on Finance Banter. His contributions to this or any other site are not to be construed as recommendations to buy or sell stock.
Bob holds a business degree from St. Edward's University in Austin, Texas. He lives in Park City, Utah, with his wife and daughter.
As long as demand stays intact near 1571, bulls will continue to deserve the benefit of the doubt.
Traders are increasingly accepting that economic data, no matter how concerning, simply don’t matter.
For all intents and purposes, our next major target is 1600.
In my view, the bulls will remain in complete control as long as the Es contract holds above 1571.
I believe it’s time to recognize that many stock-market winners have now advanced too far, too soon.
More than enough earnings to keep you busy.
If you’re willing to trade in the wee hours, you’ll be privy to a great deal more trade opportunities.
I’d suggest traders focus on new home sales.
The bulls have been saved by unbelievably persistent buyers in a few select sectors.