The bullish setup that I had been watching and trading in the Nasdaq was obliterated earlier this week. While the trend is now decidedly bearish, we are nearing a strong support zone that could provide a bounce that can be traded. ... Go to Full Article

I know a few people who are using this morning's bounce to deploy more energy shorts. However, I'm going to wait for a few more points to add to my existing short positions. While I agree we may get a quick drop here, risk/reward is not ... Go to Full Article

We had a choppy day with strength in financial, retail and paper sectors while semiconductors and some commodities were drags. Smaller cap stocks outperformed today. The Russell 2000 closing up almost 0.5% while the Nasdaq and S&P 500 ... Go to Full Article

New trading season, same old worries. Traders are ready for a September to remember. Welcome back to the jungle! The economy is slow no matter how you slice it. Investors' concerns about a slowing global economy are trumping their ... Go to Full Article

WTF? Jack Wagner? Rick Fucking Springfield? Come Christmas, "Dinosister" will pay. How about "nothing" as a nice gift? "Nothing" sound good? Oh yeah, and Palin? HAHAHAHAHAHAHAH! ROTFLMAO! Anyway, look, I'm really busy. ... Go to Full Article

Chart courtesy of stockcharts ( click to enlarge ). The stock surged in early August and broke falling wedge resistance with good volume. The decline over the last few weeks occurred on lower volume and the stock is firming around 26.75 ... Go to Full Article

Technology stocks are not best performer in last weeks. But I have noticed that DRIV is presenting relative strength. It broke above important resistance levels during August. It is now on the road up . I think it is good candidate for ... Go to Full Article

Here is a HIGH RESOLUTION VIDEO DOWNLOAD for today. Go to Full Article

The Nasdaq 100 (QQQQ) broke key support at 46 yesterday and is seeing continued weakness as the Semiconductors (SMH- inset) lead tech shares lower today. The best potential support level for the Qs appears to be near 44.25. ... Go to Full Article

We don't see things as they are: we see things as we are. ~Anais Nin. Go to Full Article

Five years ago this very day, I started The Kirk Report. What a wonderful experience it has been. Let me take this as an opportunity to simply say thank you for reading the website and for sharing my journey. ... Go to Full Article

We’ve got continued weakness in the indices today, although the futures have climbed off of their pre-market lows. Day traders will want to stay on their toes for the Beige Book release at 2 this afternoon. On Today’s Calendar: ... Go to Full Article

Good morning. Premarket futures are lower as another hedge fund bites the dust and oil prices continue to fall as concern rises over a "worldwide recession." Although the premarket futures don't show it, there are a few positives out ... Go to Full Article

* Getting More Volatile? - Options volatility, as measured by the VIX, has quieted down from earlier in 2008, as the above chart illustrates. Note, however, that we have just made a multi-week closing high in VIX after having bottomed ... Go to Full Article

I borrowed this chart from Bill at Vix and More, but it looks like it sits at an important juncture. After Tuesday's sell off the relationship in volatility between the Nasdaq 100 and S&P looks set to change with a new downswing in the ... Go to Full Article