Warren Bevan | TalkMarkets | Page 9
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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Miners Take A Beating
I was close to dumping my mining stocks today but I’m seeing so much bearishness and short entries talk, and we’ve already fallen quite far, that I held for now since those are signs of bottoms and most miners are at strong support areas.
Speech, Speech, Speech
SPY is holding the lower support area at 217.50 or so, so I’m holding on in anticipation of tomorrow's speech contents.
2 More Weeks Of Strength
We should have right at 2 weeks of strength left before we see a deeper correction. SPY is trying to breakout of this flat channel but may stay put until Friday when Yellen speaks.
The Tragically Hip
Oil showed strength today so their respective stocks did as well while precious metals miners also showed a nice quick spike low and seem to be moving higher already.
Two’s Not Enough
They say 2 Fed officials pushed for a rate hike in the most recent meeting but I don’t think we are ready for another market upset, which is inevitable if rates are raised anytime soon.
TWLO & ACIA Take The Gold
More great action from stocks, and that allows us to be away from the office this summer and let stocks work with an eye on the phone every couple of hours. TWLO and ACIA remain on absolute fire and we’re lucky enough to be in them.
Party Like It’s 1999!
A great market still with the Dow S&P and Nasdaq closing at all-time highs.
Two New Great Stocks Added
Another little bit of a rest day for many stocks whose charts still look exceptional. I bought some LITE & TWLO today and I’m getting very full up in terms of stocks. As long as stocks continue to work & act properly there really isn’t much to say.
A Curious Case Of The Mondays
Another decent day with stocks continuing to work well.
Great Facebook Numbers
Great action once again today as the Fed did nothing as was expected. Facebook's stock is moving well after great numbers tonight and I may have a real winner on my hands.
Heavy Hitter Earnings Week
We’ve got some heavy hitters reporting tonight and over the next few days like AAPL, AMZN, FB and GOOGL so be aware and reduce or sell out of be ready for a wild ride over earnings depending on your strategy and risk tolerance.
Sunny Days For Stocks Continue
Great stuff from SPY as it remains in this horizontal channel which should soon see a resolution higher. I’ve still got a 10% weighting of SPY in my portfolio from 202 with an eye on the 215 area for stops.
Great Cushion In My Trade
A bit of weakness today but we’ve got great cushion in our trades and I’m not seeing quite enough signs of weakness to lock in gains or reduce position size quite yet, but perhaps soon.
Let ‘Em Ride
More strength for stocks as they continue to act very, very well. I’m still letting my stocks ride from the Brexit low, or Bro.
Falling In Love
I usually do not hold stocks over their earnings reports but the odd time I make an exception to that rule and this may be one of those times. Stocks have to be acting very strong for me to consider holding over earnings and right now, they are.
Working Off Overbought Readings
Another resting/trending higher day which is working off the overbought reading we have right now very well.
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