April 28th, 2008 by Corey Rosenbloom
In my trading, I utilize moving averages to determine trend, support/resistance, and price structure.
The example today from the FOREX Australian Dollar / US Dollar cross (AUD/USD) showed an excellent example not only of how price can respect its key moving averages, but of momentum divergences as well:
This is a 5-minute chart of the cross, which […]
April 27th, 2008 by Corey Rosenbloom
Can the relationship between 10 Year Note Yields and US Stock Prices reveal risk seeking and risk averse behavior of funds and investors?
Earlier, I posted a few charts on the topic, so be sure to refresh with those for more information:
Stock Correlation with the 10 Year Yield
A Look at Bonds, Stocks, and the Fed Rate […]
April 27th, 2008 by Corey Rosenbloom
Let’s look at the price positions of the US Dollar Index and the Dow Jones Index to gather clues about possible moves next week:
First, the Dollar:
The Dollar Index rallied (strengthened) last week, after forming a tight coil and has broken above its key 20 period moving average. Price is finding preliminary resistance at the […]