A few readers have asked me to take a look at Gold prices and I will do so, starting with a possible Elliott Count on the Weekly chart and then dropping down to see resistance and an interesting structure on the Daily Chart. Gold Prices ($GOLD) Weekly: Ok, let’s take this slowly. I’m not saying…
I wanted to highlight the possibility for a trend reversal or at least low-risk opportunity in the US Oil Fund (USO), or at a minimum, show a large-scale structure potentially playing itself out. USO Daily: Before reading, keep in mind that there’s no guarantee this pattern will produce the expected result, but it’s worth a…
Let’s look inside the price action of the 5 and 15 minute chart of the DIA to see the clues preceding the reversal down and also an example of an extremely powerful trend day. Let’s start with the 15-min structure that I almost highlighted to you last night: I almost pointed out the “Rounded Reversal”…
I wanted to show a quick post on the recent price activity in UBS, specifically showing two overnight gaps that were unlikely to fill that actually did fill which was then followed by a nasty bull trap. Let these serve as interesting lessons. UBS 15-min chart: Don’t so much worry about the technical structure as…
One of the major benefits of the MarketClub is the ability to Scan quickly a wide universe of stocks to determine trend and then find stocks setting up current buy (or sell-short) signals based on their proprietary mix of indicators that comprise the “Trade Triangle” Technology. Adam Hewison released an introductory video today that goes…
Did you know Elliott Wave can be applied to the intricacies of the One-Minute Charts? I wanted to show an example that occurred just a few hours ago that details a possible Elliott Wave overlay that captured the full structure of the minuscule movements on the DIA 1-min chart on February 9th. DIA 1-min Chart…
I wanted to call your attention to an article in US News and World Reports by Rick Newman that lists 15 Companies that Might Not Survive 2009. To me, it’s a scary list because many of the companies are not obscure, “never heard of them” names, but commonplace businesses, some of which have national reach….
We may see a major resolution of the tight range in the S&P 500 this week. Let’s define that range and see what the current S&P 500 Structure is telling us. S&P 500 Daily Chart: I could have drawn numerous trendlines and channels to show the price consolidation but decided to let the price speak…
Friday gave us a solid, upward performance in the US Equity Indexes. Let’s zoom in to the 5-minute chart and learn a valuable lesson regarding Trend Days and Stop-Loss Strategy or Trade Management. DIA 5-min February 6th 2009: Friday’s action wasn’t an “Ideal” Trend Day, but a Trend Day it was. Most trend days open…
Adam Hewison of the Market Club released a video on basic 101 Fibonacci Retracement Application which many newer traders will find helpful. Adam explains what the Fibonacci retracement grid does and how to apply it to price swings and walks you through the process showing you several examples in a video format. Adam demonstrates the…