Author: Christian Tharp, CMT

Want to know which trades to make, how to manage your stops and when to exit your trades? As a CMT with over a decade worth of experience in trading & mentoring traders, I'd like to offer you the opportunity to let me help you overcome all of your obstacles.

Good Apple earnings bad for market?

Tuesday after the bell Apple Inc. (AAPL) topped analysts’ estimates yet again with the release of its latest quarterly earnings report. AAPL also raised revenue guidance above what Wall Street was expecting. Shares shot higher in after-hours trading. AAPL said net income rose 78% to $3.25 billion, or $3.51 per share, from $1.8 billion, or… Continue Reading »

Housing down, improvements up?

With yesterday’s National Association of Home Builder’s (NAHB) monthly reading of builders’ sentiment about the housing market sinking to 14, it is starting to become clear that the housing market is not getting better anytime soon.  The 14 reading is the lowest level since March 2009. Readings below 50 indicate negative sentiment about the market… Continue Reading »

Trading Goldman Sachs

After the closing bell yesterday the Securities and Exchange Commission (SEC) said that it had reached a $550 million settlement with Goldman Sachs Group, Inc that will resolve its lawsuit against the firm. This is obviously good news for Goldman Sachs the company, but how does that translate to the stock? Well, news of the… Continue Reading »

No bottom in sight for housing

Well, it seems like the news on housing just keeps getting better. Yesterday the Mortgage Bankers Association (MBA) reported that the number of mortgage applications for home purchases had dropped to its lowest level in 14 years last week. Application volume for mortgages fell a seasonally adjusted 3.1% for the week ending July 9, compared… Continue Reading »

Back to the bull, or still a bear?

A couple of weeks ago I wrote a newsletter making the case for the start of the renewed bear market. Take a look at the chart below and I think you will get the point of that newsletter. You will notice an important notation in red, which is a key break of support. S&P 500… Continue Reading »