Warren Bevan | TalkMarkets | Page 1
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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Turn Of Events
AAPL has been weighing down the Nasdaq a bit and had a gap fill and bottom bar Friday so if it does play out and move higher that should help the Nasdaq take a leading role, which would be great.
The Silence Of September
Let’s see how we close out the week but we are coming out a little U pattern on the weekly chart which does point to more upside.
Fed News Wednesday
September continues to be slow as we await Fed new Wednesday, where we are most likely to see no rate increase but we should see a timeline for their asset reduction to begin.
Quiet Friday For The SPY
While volume was heavy Friday, stocks didn’t move much. Stocks and the indexes continue to look great for continued strength.
Thoughts From The Road
Some very quiet action the last few days while we remain near new highs.
The Secret To Winning At Stocks
Stocks continue to act great even as we’re into September which is often a weaker month.
Imperfections
A pretty quiet end to the week as kids head back to school. September is usually choppy and so far that’s what we’re seeing although select stocks continue to act great, along with the mining space, but it could use a little rest.
Window Dressing Looks To Be Over
I’m seeing more failed breakouts now and reducing positions as they tell me to. We’re into September and just had a nice quick run to finish August so weakness, which is typical in September, has to be something to look for.
Long Over The Long Weekend
Seems traders took Friday off as we saw low volume and anemic action before start of the long weekend. The action remains looking very positive.
Strength Is Back In Black
Strength is back, and we’re in the black. Indexes and stocks are breaking out en masse.
Missile Smishile
Stocks came back strong after another North Korean missile was fired. Many stocks are at the low end of their still forming bases which means swing trading remains my strategy.
Looking For Lower Highs
SPY is bouncing well now and should move up to the 147 area to put a lower high in place over the next day or two.
Wait For It
Weakness was swift and really came out of nowhere, but it’s fine. Cash remains a great place to be for the most part as we are most likely to get a major low sometime in October, giving us some time to enjoy life before trading really picks up.
It’s Just A Normal Correction At The Right Time Of Year
SPY closed definitively below the 50 day average on heavy volume.
Back To Channel Surfing
SPY ripped hard off the 50-day average and is now back in the channel between 246 and 248.
Correction
The correction looks to be here and could last a couple months, kind of. I don’t see this as the end of the bull market by any means.
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