Schlumberger: Funny name, powerful stock. Even though I don’t watch “Cramer”, others inform me he has mentioned this stock various times and from my studies, the fundamentals, as well as the technical charts (regardless of what method you use) look promising. Active Trader Blog posts a strong daily chart of SLB as well as a…
Technically, I should be waiting until this weekend to post weekly index charts, but these look so beautiful (so far) that I couldn’t resist. With the exception of the Nasdaq and Russel (technology & small cap respectively) the weekly charts of the Dow and S&P are making new all time highs as well as new…
Today’s action was nothing less than stellar. The gap up in the morning led to a bear-flag like correction to the moving average (consolidation) and then it was quite literally off to the races when the Fed Beige Book hit the newswires. First, two index charts showing price trapped (for now) below the rising 20…
Here are a quick charts of the Indexes: Holding the Bottom Bollinger Band Lurking above the 50 period EMA Market making new momentum lows Stochastic registering a buy signal Volume increased today on the sell-day… distribution Clear momentum divergence now unwinding Support should be 13,200 until it fails Has not reached bottom of Bollinger Band…
Dr. Bruce Hong on his Trading Psychology blog recently began an engaging and interactive discussion on overcoming fears in trading. Dr. Hong posts a recent email from a deeply capitalized, intelligent trader that is described as: He now experiences such intense stress while trading that he frequently pulls his entry order, just before it’s hit….
GoldenTicker, a new site steeped in William O’Niel’s CANSLIM approach for finding value stocks for the long run, posts 12 quick rules for value investing that will be helpful to long term investors and position traders.
Have you been a bit befuddled by the recent stock market action? I admit that I have, but I expect such events and have experienced various strange scenarios in my trading career. If you are new at trading, the current market environment must be difficult to comprehend and I wanted to state a few of…
Chris Perruna posted a brief article with a few major points and well-annotated charts in his article “A Natural Correction or a Top?“. Perruna notes, “Corrections are due when markets move up by 30% over their levels from the prior year.” He also annotates charts on Crude Oil, the Nasdaq, and the Dow Jones. I…
Attached are swing charts with the 3/10 MACD momentum oscillator. The most recent daily bar on each index turned red following the decline, meaning we have extended 2.5 Average True Range readings from the market peak (near Dow 13,700 and S&P 1,540). I know I write a lot that “Momentum Proceeds Price” in the form…
Normally, I like to post charts of the general indexes and do minimal annotations and speak from the perspective of my own swing charts and momentum readings, but I wanted to showcase a few excellent brief commentaries on today’s action. TraderMike writes a very concise yet informative post with an excerpt from the Worden Report…