The market gave us another “Trend Day Down” structure Monday – let’s take a look inside the DIA 5-min chart structure to see choice trading opportunities within the swift down-current that was so pervasive all day. DIA 5-min Chart: As volatility begins to pick back up in the marketplace and a clear direction emerges –…
Here’s a list of posts selected from the NewsFlashr Business Blog section which I wanted to highlight as the weekend draws to a close. Dr. Brett Steenbarger begins volume 1 of the “Best of Trader Feed” posts focusing on psychology… stay tuned for additional volumes: Trading and Market Psychology: The Best of 2008 Charles Kirk…
I’m happy to announce that the NewsFlashr site – particularly the Business Blogs section – has launched a new feature entitled “Editor’s Picks.” I’m also honored to announce that creator Gal Arav has asked me to be the section’s first editor! We have assembled a companion site entitled “NewsFlashr Business Blog Picks” that serves as…
How might the Australian All Ords Index gives us clues as to the possible resolution of the S&P 500 Index? It might do so by having a relatively clearer Elliott Wave pattern to view. Let’s take a quick look at the Index and a possible Wave Interpretation. $AORD Australian All Ords Index (weekly): We’ll start…
Per reader request, I wanted to share a possible Elliott Wave interpretation for the British Pound/US Dollar FOREX currency pair. Even if you don’t trade FOREX, you can use this as an example of a near ideal Elliott Wave pattern unfolding. Below is an internally valid wave count that ends with an interpretation: GBPUSD FOREX:…
I know – who trades Feeder Cattle? While browsing various commodities, I came across what appeared to be a rather ideal example of the Elliott Wave principle playing out in @FC Feeder Cattle futures contracts and I wanted to show you the pattern – if you want, you can pretend it’s a stock or index…
I wanted to show you quickly the structure of the SDS (Ultra-Short S&P 500 ETF) to point out an interesting structure and also see how the price compares to that of the S&P 500. SDS Daily Chart: For newer traders, the SDS is a fund that essentially is “Double Short” the S&P 500 and is…
What’s the difference between a Trend Day and a Rounded Reversal? Today’s price action give you an excellent example. Let’s see the intraday DIA and see how this structure played out and how you could have managed risk. DIA 5-min chart: The day started with a large-scale overnight gap of roughly $0.90. That’s just at…
While browsing charts this morning, I came across probably the most perfect trade set-up ever – which may be an exaggeration, but I did want to highlight a bull flag into triple-confluence support which preceded an explosive move to the upside. Let’s see it and how it played out. SHLD (Sears Holdings) 60-min Chart: We…
A few readers have asked about the difference between Simple and Exponential Moving Averages and I wanted to address that in an educational post. In my charting, I utilize the 20 and 50 period Exponential Moving Average (EMA) and also the 200 period Simple Moving Average (SMA). I do this because I want the shorter…