Warren Bevan | TalkMarkets | Page 2
Full Time Swing Trader/Technical Analyst
Contributor's Links: Wizzen Trading
Warren Bevan is a renowned trader who’s honed his craft over the years learning the styles and techniques of Jesse Livermore, William O’Neil and Dan Zanger and forming his own unique style. He focuses on making money and going hard when the right markets present themselves and during ...more

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Summer Sitting
The stock action is what you’d expect in August, choppy, with no direction. A few trades here and there may pop up but mostly cash seems to be best to me still.
Time To Relax
The stock action remains quiet now in the heart of summer with most moves coming from earnings releases and many are fizzling out quickly making it better to mostly be in cash and enjoy the sun while it shines.
Not Much Ado
The dog days of summer are about here with not much going down in terms of stock action other than a few moving on earnings and those not moving particularly well.
Stocks Action Is Turning Sloppy
I thought we’d get another couple weeks of solid strength from stocks but we do look to be setting up for a few months of consolidation now which would be great, but it would have been better after some solid moves into mid-August.
Poor Earnings Reactions
We did see some heavy weakness this afternoon which didn’t last too long but it is always a warning when we see that type of move lower on heavy volume. Sometimes it’s a warning shot across the bow, other times it hits, so time will tell, likely.
Big Week Ahead
Another fine week with next week giving the potential for a very strong move. Some big companies are set to report and if numbers come in strong then we should have one of the best weeks of the year and it’s been a good year.
The Thick Of Earnings
No summer doldrums as we move well through earnings. The trend remains up and the bull market intact.
Earnings Kicking In
We’ve got more heavy hitters on deck so we should see more strength over the next few weeks if all continues as it has.
Top Of The Range
Some better action today in the bio, pharma and tech sector but action should remain subdued until earnings kick off in a couple weeks.
Waiting On Earnings
SPY continues to range between 241 and 244 and will until it doesn’t. A move either way should be good for a trade.
Short & Wild
The week was short, but wild. We saw tech get hit hard, then rebound, bios and pharma looked great but failed and metals got hammered. We should get some more clarity next week as traders return from a nice week off.
Large Head & Shoulders
The wild swings continue on relatively low volume with traders taking this week off for the most part.
Take The Week Off
Some wild action this past week as we continue to base and may see some downside from some stocks as we see markets continue to build bases and consolidate. I don’t see this bull market as being over yet, with the real fun yet to come.
Last Run Of The Half
Stocks continue to act fine and today seems to be the start of a run higher into the end of the first half of 2017 by weeks end. The metals may be turning higher finally, with silver taking the lead but we’re not quite out of the woods yet.
Bio, Pharma And Tech
Bio and pharma are running hard and tech is catching up quickly.
No Go
It looks like a good time to take a week or two off while we let the action show us a low and then wait for charts to give us buy levels.
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