James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors.Expand

DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former attorney and CPA. He lives in Anna Maria Island, Fla., and Conover, N.C., with his wife and three children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.Collapse

The S&P 500 already broke its 50-day simple moving average.
There isn't enough evidence yet to have a strong market bias so I'm mainly focusing on my individual positions.
The good news is that there is some stock picking that is working well.
Years of V-shaped bounces might be coming to an end for stocks.
Following chart patterns can offer important investing discipline.
Overall, we went from grossly oversold to grossly overbought .
Despite this huge move over the last five days the indices still have more work to do to make it back to highs.
While it is helpful to understand what is causing the market movement, the much more important issue is how to deal with it.
Thursday's trading action showed clear signs of being computer driven.
Will we see a trading range develop or will there be a continued effort to trend back to the recent highs?

Columnist Conversations

Quick note: Walmart (WMT) broke the 50 and 100-day moving averages. Hello 200-day at $86 and change?
VIX is only up about 1.15 and is lower than it was at 10 AM ET when the market was only down 8. VIX seems to t...
S&P futures are trading below the 50 DMA @ 2727.40 Our first support level @ 2701 A short-term oversold...
There is some really strong flow here today on the ATVI Mar 75 calls, so I went a bit lower and took less risk...

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