Commodity Traders Classroom Educational Resource

I wanted to share another education resource document from Club EWI entitled: “The Commodity Traders Classroom: A Collection of Commodity Trading Lessons” The 32-page eBook by Jeffrey Kennedy is currently free to download for new and existing Club EWI members, as shown in the image below which also links to the “more information” page: From…

A Check on Recent Market Internals Ahead of the Fed

What are market internals saying about the strength or weakness of the market ahead of Tuesday afternoon’s Fed Decision? Let’s take a look: It’s important to compare price swings and extreme highs and lows – or short term trends – with those of the corresponding market internal.  Vertical lines or highlighted regions help. On the…

What do the Charts Show for HPQ? A Daily and Weekly View

After the sudden resignation of Hewlett-Packard (HPQ) CEO Mark Hurd last Friday, shares plunged 8% overnight and through Monday’s trading session. Strangely enough, shares stopped falling at a critical chart support level – so let’s take a look at what the charts are saying for the reference price levels investors should be watching. First, HPQ…

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Lesson: The Four Early Warning Signals Given Before the Afternoon Reversal

Were there chart signals the market gave ahead of the afternoon reversal and breakout into the close after the morning Jobs Report drop? Absolutely – it turns out there were at least four early signs that odds had shifted away from the bears and towards the bulls which was confirmed with the afternoon breakout. I…

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Signs of a Distribution Top? SP500 and intraday Elliott Insights

Taking a close look at the intraday price action of the S&P 500, I think something very interesting is happening. Let’s take a close look at the recent price action and see if we can glean any insights from the Elliott Wave principle – not so much in pure wave counts but in the broader…

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Confluence Resistance in Goldman Sachs GS – Will it Hold or Break?

For those of you watching or trading Goldman Sachs (GS) shares, there’s a key overhead resistance level right here that you need to watch for a clue to whether GS will continue this upward rally, or falter at the dual resistance price here. Let’s take a look and see what levels to watch on the…