Piker Trader's Page

From the desk of PIKERTRADER.COM
To personify where the market is right now here is a scenario. Remember when you were a kid at the town pool. Every once and a while there was a kid who thought, today would be the day he jump off the high dive. He would walk up to the ladder, the first step would be easy, 5th step would be harder, then as he gets to the platform and he starts to get scared. Now he really is having second thoughts, its a big jump. But now… Continue

From the desk of PIKERTRADER.COM

One thing to notice is that the bull train is getting crowded. Various market sentiment indicators are pointing to high levels of bullishness.


ISEE is also high at 136 any number above 100 is bullish.
All Securities… Continue

From the desk of PIKERTRADER.COM
Defensive Stocks are defined as stocks in sectors that remain constant during a downturn. Examples of these sector are health care, utilities and oil. During the market's rally these sectors were down from 20% to 17% compared to the SPX.

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From the desk of PIKERTRADER.COM

Yeah I am poet. Piker Alan Poe!

Had you not watched the market, you had been better for it. Nothing really happened. The market is still inside yesterday's candle and we formed a doji today. Right now "ceteris paribus" as the economist would say, the market is gravitating towards 950 and its 200EMA. There may be a pull back or two, but unless support is cracked and the uptrend is broken, the market should follow it's tre… Continue

FROM THE DESK OF PIKERTRADER.COM

Would you short this? Support looks strong but if the market gets to 950 in May you might want to sell and go away.

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