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Priorities – Blueprint 4-30-2015

Jeff White — Thu, 30 Apr 2015 21:38:50 +0000

Good evening StockBandits! Stocks stumbled out of the gate this morning with a downside gap and only a brief and modest attempt to fill the gap. Once the bounce had run its course, selling pressure returned to take the averages to new session lows. It became a trend day on the downside, taking the indexes […]

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Elevator Music – Blueprint 4-29-2015

Jeff White — Wed, 29 Apr 2015 21:27:26 +0000

Good evening StockBandits! Fed day has come and gone, and so far not much has changed. From the announcement time to the closing bell, two hours passed, and yet each of the averages finished just a couple of points from where they were pre-FOMC. Either it’s the non-event the market seems to be treating it […]

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Zig and Zag – Blueprint 4-28-2015

Jeff White — Tue, 28 Apr 2015 22:12:42 +0000

Good evening StockBandits! Monday’s move involved an early headfake to the upside, and today we got the opposite. Stocks tumbled shortly after the open to move deep into negative territory, only to fully reverse and recover between mid-morning and mid-day. Once positive, each of them stayed there until the closing bell, with the NAZ being […]

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180 – Blueprint 4-27-2015

Jeff White — Mon, 27 Apr 2015 21:35:58 +0000

Good evening StockBandits! Things started out upbeat for the bulls this morning, with a gap-up open and some additional strength into 10a.m. ET, even ahead of a major week of scheduled news. That marked the high of the day, however, as stocks turned tail in 180-degree fashion, filling the gap by mid-day and grinding lower […]

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Just Teasing – Blueprint 4-26-2015

Jeff White — Fri, 24 Apr 2015 21:54:06 +0000

Good evening StockBandits! The indexes gained some ground last week to keep the pressure on the bears, yet when given the chance to break out and run higher, they didn’t. Maybe they were just teasing or maybe we’ll see that take place this week, but until we do, it’s a split decision. The RUT and […]

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Two’s Company – Blueprint 4-23-2015

Jeff White — Thu, 23 Apr 2015 21:40:51 +0000

Good evening StockBandits! Today the NAZ broke out to a new 52-week high, joining the RUT to make it a 2-on-2 game. The S&P 500 briefly painted a new all-time high, but closed inside its range, so a breakout there remains elusive. And the DJIA is still caught in its range, although it edged higher […]

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Repetition – Blueprint 4-22-2015

Jeff White — Wed, 22 Apr 2015 22:10:30 +0000

Good evening StockBandits! Stocks recognized and respected resistance once again today, continuing the repetitive testing of the short-term ceiling. And although the gains were decent, the most impressive aspect of today’s action was the fact that stocks shrugged off some morning weakness to go from red to green across the board. As a result, nearly […]

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Herky Jerky – Blueprint 4-21-2015

Jeff White — Tue, 21 Apr 2015 21:28:04 +0000

Good evening StockBandits! Since the opening couple of hours on Monday, we’ve seen virtually no movement. It’s as if traders are suddenly on hold for something very major, yet the schedule doesn’t seem to have anything obvious on the immediate horizon. There’s a Fed meeting next week, but we’re still 8 days out. Today, we […]

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Lift and Drift – Blueprint 4-20-2015

Jeff White — Mon, 20 Apr 2015 21:32:59 +0000

Good evening StockBandits! After stumbling into the weekend with a Friday fall, stocks rebounded today with nearly a full recovery. The entirety of the move took place right off the bat, however, with a gap up this morning and some early follow through before a few hours of lateral drift kicked in. By the close, […]

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If You Hesitate – Blueprint 4-19-2015

Jeff White — Sun, 19 Apr 2015 16:46:51 +0000

Good evening StockBandits! I’m not sure who coined it, but there’s an old phrase that says “If you hesitate, you die.” Maybe it was a Wild West gunslinger mindset, because in a duel that certainly could be the case. But in today’s market, it’s a phrase that carries weight as well. I mentioned in Thursday’s […]

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