James "Rev Shark" DePorre

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James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors.Expand

DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former attorney and CPA. He lives in Anna Maria Island, Fla., and Conover, N.C., with his wife and three children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.Collapse

By

James "Rev Shark" DePorre

 | Feb 9, 2016 | 10:35 AM EST

But it doesn't do much to change the overall technical picture.

By

James "Rev Shark" DePorre

 | Feb 9, 2016 | 7:24 AM EST

Don't trust the upside for too long.

By

James "Rev Shark" DePorre

 | Feb 8, 2016 | 4:30 PM EST

Despite the late market rally, this is no time to start building positions.

By

James "Rev Shark" DePorre

 | Feb 8, 2016 | 2:12 PM EST

It is only after everyone is worn out and disgusted when real contrarian thinking starts to works.

By

James "Rev Shark" DePorre

 | Feb 8, 2016 | 10:57 AM EST
An oversold bounce is just not that easy to achieve this time.
By

James "Rev Shark" DePorre

 | Feb 8, 2016 | 7:18 AM EST

The price action stinks. Respect that fact.

By

James "Rev Shark" DePorre

 | Feb 7, 2016 | 10:00 AM EST

Hint: They don't scare you out, they wear you out.

By

James "Rev Shark" DePorre

 | Feb 5, 2016 | 4:17 PM EST

Indices are just trying to catch up with what has already happened to the great majority of stocks.

By

James "Rev Shark" DePorre

 | Feb 5, 2016 | 9:03 AM EST

Six years after the Great Recession and central bankers are still trying to find an effective way to bolster economic growth.

By

James "Rev Shark" DePorre

 | Feb 5, 2016 | 7:07 AM EST

I'm inclined to look at short entry points at the moment.

Judge Smails embarrassed me into writing it!

Some pretty obvious selling in the FATMAN names vs the Nasdaq futures post regular session...
You can see the time/price support on the daily chart of SPX below. It also shows you the ...

$185.80
Exhausted and a long weekend.
Column up shortly
Sold some IWM as well.

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