I wanted to show a nice setup that developed just a few minutes ago in the Dow Jones ETF – DIA (5-minute chart):

Notice the consolidation and ‘triangulation’ that formed as a result of the convergence of the 50 period MA above and the rising 20 period MA below.

Aggressive traders could have positioned themselves inside the […]

What do these three stocks or indexes have in common? Each is showing a strong impulse sell move that is just confirming and is underway.

First, let’s look at the Dow Jones Index:

Observations:

Price is in a confirmed daily downtrend.

Price failed to muster enough strength to test the falling 50 period MA

Price rose on significantly low […]

Dr. Steenbarger at TraderFeed posted an excellent resource and checklist to evaluate your specific (and unique) coping style as a market participant. This is the fifth post in a series relating to stress and coping in market trading.
Dr. Brett asks, “How do you handle adversity in the market?” Some styles of coping are […]