Warren Bevan | TalkMarkets | Page 3
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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We Need A Strong Weekly Close
The low isn’t quite set in stone yet but it looks better today than it did yesterday.
Wednesday Will Tell
We’re still waiting on the Fed news coming Wednesday, where a likely quarter point rate increase is coming.
Mini Flash Crash
A weak end to the week to be sure but it is likely just a one day flash crash like we saw a month ago.
Small High Bases
Some choppy action today as we build bases in indexes to move higher from while some stocks just ripped like BABA, which we didn’t have, but SWIR we did.
Miners Look To Take The Lead
Another solid day for stocks. So many stocks are working well and amongst them, miners are looking set to take the lead.
Trending Higher - Saturday, June 3
Another day, another all-time high. Stocks continue to act great and are trending higher. Stocks closed the week on a very strong note which is great to see. Speaking of great weekly closes, gold also closed the week nice and strong.
Mini Dip
A wild start to the trading session today, or a covfefe as they call it in the White House. Anyhow, by the close stocks were back near unchanged and looking great.
Long Only Market
Friday was very quiet as many took the day off to extend the long weekend an extra day. The S&P and Nasdaq remain in new high territory while the smaller cap Russel is trying to play catchup.
Another New Breakout
Pretty quiet action this week until we got news that the Fed is looking to raise rates sooner than later which increases the likelihood of a raise in June before summer recess.
The Madness Is Real
I’m not seeing too much action this week as markets are stalled out and many charts are not ready to go, even with Nasdaq and S&P charts on the verge of new all-time highs.
Bounces
Some wild action this week to be sure. It‘s just hard to grasp the fact that we fell so hard on such heavy volume, and then we come back as if nothing has happened.
Likely More Selling To Come
SPY came back pretty well but I need to see it move above 238 before I am convinced this very sharp, strong, dip on heavy selling was a one day wonder.
SPY Showing A Failed Breakout
It remains a stock pickers market with Nasdaq still running but SPY falling back below the breakout level seen Monday.
Long In The Tooth
Gold looks to be taking the turn higher and mining stocks have held up remarkably well and should move nicely in a rising gold environment.
Leaders Holding Us Up
Stocks continue to be nothing special in general but a few of the leading stocks continue to perform and hold this market up nicely.
Very Mixed Action
The Fed is meeting and no rate increase is expected but you never know. Silver has been weak while gold has held up a bit better. Markets remain strong but on the back of only a few leaders so let’s see how things go over the next few days.
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