Dollar Bumps Weekly Resistance

May 10th, 2008 by Corey Rosenbloom

The US Dollar Index staged an impressive rally on the daily charts, but is currently failing to surmount resistance via the strong 20 period moving average on the weekly chart.

Notice how the falling 20 period moving average (exponential) has served significantly as overhead resistance, thwarting any rallies ever since late 2006.
Price recently tested the $74 […]


Crude Oil and Trade Triangles

May 9th, 2008 by Corey Rosenbloom

Crude Oil tapped above $124 intraday today, marking yet another new record high for the crucial commodity. Is there a potential way to analyze and trade this development with Market Club’s Trade Triangle Technology?
Adam Hewison today released a new brief info-movie for your benefit. I thought it was funny that he described crude […]


Introducing Tradecision

May 5th, 2008 by Corey Rosenbloom

Afraid to Trade has recently partnered with Tradecision and Alyuda Research to provide superior analytics and strategy development for retail traders. I wanted to give an overview of the software and how you might benefit from using this new and powerful software technical analysis tool.
Tradecision may be best known for its ability to design […]


Major Index Gaps and Fills

May 2nd, 2008 by Corey Rosenbloom

With my new Excel function, I’m able to go back and scan any type of gap and examine whether or not it filled or not. Let’s look quickly at large index gaps and see the odds of those filling.
I tested the DIA (Dow Jones ETF) and looked at a variety of gap sizes from […]


Gap Fade Stats for April

May 1st, 2008 by Corey Rosenbloom

With May 1st upon us, it’s time to look at the number of overnight gaps and gap fills in the DIA (Dow Jones ETF) for the month of April.
I am testing for overnight price changes greater than $0.20 (20 Dow points) in the ETF.
Of the 22 trading days in April, 14 resulted in an overnight […]


How to Trade a Rectangle Consolidation

April 30th, 2008 by Corey Rosenbloom

Rectangle consolidation patterns can lead to amazing profits and are relatively easy to recognize on a chart.  Let’s learn more about this chart pattern.
Eaton Corp (ETN) recently broke out of a rectangle consolidation pattern, which gives us an example of how we could trade such chart patterns.

Sears Holding (SHLD) broke a long-term rectangle that led […]


Correlation Between Yields and Stocks

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 […]