I figured we might get some continued downside in the broader market today, but I’m always surprised at how swift and rapid these sell-offs actually are. Let’s take a quick look at the action so far as we near 2:30 EST in the trading day. I’ll be using one chart created ‘on the fly’ from…
This morning while scanning the Newsflashr Business Feeds section, I noticed that virtually every major news organization was reporting on Crude Oil prices breaching $130 per barrel for the first time. Most of the headlines were of this variety: “Crude Surges Above $130 on Supply Concern” – Fox Business “Oil Tops $130 for First Time”…
The US Stock Market Indexes fell 1% today, after selling off into the close on Monday’s trading, causing price to trade at lower levels far quicker than it rose to these levels. Let’s look at the Dow for clues regarding potential structural trades you could have taken. The price began the morning with a sharp…
After failing twice at its 200 day moving average, the US Stock Market indexes tested lower levels, and do so with a sharp sell-off. Let’s view the larger picture of where price is on the Dow Jones Index: The most recent action is not the end of the world by far. Price appears to be…
The IBD Index blog recently posted a wealth of data on system testing and permutations of percentage stop and percentage profit target in relation to the IBD 100 list, S&P 500, NASDAQ, in a recent post entitled “A Closer Look at Profit Targets.” The blog also has a large collection of posts on other aspects…
Today’s action was stellar both for the bulls and the bears, turning what looked like a trend day up into yet another end-of-day sell-off into the close. Let’s look at some possible trade ideas that you could have taken within this structure. I had expectations for price movement to the downside at the open, but…
Andrew Horowitz of the Disciplined Investor site (well-known for his weekly Podcasts and new book The Disciplined Investor) interviewed me last week and has posted the interview as a portion of his most recent Podcast in his series. Andrew’s Podcasts are becoming a leader in the field, and appeal to a wide variety of investors…
Market Club, known for their ‘trade triangle technology,’ is becoming more popular and widely known, and I wanted to share a couple of screen shots and a recent message and video by Adam Hewison. First, I wanted to show the “Welcome Screen” which contains direct links to your portfolio, ‘smart scan,’ Trade School (Education), Blog,…
We know that backtesting our ideas and strategies in the markets can lead to improvements in trading results – some would consider the process essential – but where do we start and what progression must we take? I’ve been testing out different ideas and strategies over the last few weeks and have eliminated some ideas…
The market has been strong since its March 2008 lows, but let’s take a peek under the hood at the Market’s Internals to see if there’s underlying strength or weakness. First, the the recent NYSE Advance/Decline Line: The important fact to note about this chart is that the line made a new high for 2008…