If you missed this on Friday, make yourself aware of it now – the US Dollar Index surged significantly on Friday, breaking above key resistance, and possibly altering inter-market dynamics for some time to come. Let’s see the daily chart: After building a lengthy and evident positive momentum reading on the bottom-panel indicator, price finally…
Let’s take a quick look at a very interesting pattern that occurred during Thursday’s intraday index trading session and also at some of the opportunities from price structure that set-up during the day. DIA – Dow Jones ETF (5-minute): First, the morning began with a large overnight gap of roughly 100 points, putting us in…
I’m adding a new feature to the research side of the blog, which asks the question, “Would it have been more profitable to trade exclusively intraday or to hold overnight exclusively or some mixture?” Essentially, the question asks ‘what might you be giving up if anything by not holding a trade overnight’? To run these…
Today, the NewsFlashr website – an all in one news search engine – launched a new tool that allows you to search keywords across all headlines. Right now on their homepage (www.newsflashr.com), they show the top eight “hot topics” for world, business, politics, entertainment, sports, in a quick, simple tabular format which allows ease of…
It’s time to see how many gaps were formed and filled through the month of July! July recorded the best performance so far for the ‘gap fill’ strategy – let’s look at the numbers. For these studies, I use the DIA (Dow Jones ETF) and consider a ‘gap’ as being any opening price that is…
There could be a curious inflection in the current price movement of the Commodity Index ($CRB) and the US Dollar Index ($USD), which could make or break the current trends in place. Let’s see what I mean. The US Dollar Index: The US Dollar Index has experienced a lengthy downtrend, has paused, consolidated, formed higher…
The Fed decision and declining oil prices gave us yet another major trend day in the indexes that was more in-line with textbook definitions. What do I mean? Let’s look at the charts. August 5th – DIA 5-minute chart: Generally, two events precede a trend day: 1. Range contraction or some sort of narrow candle…
The broader Biotechnology iShares Index (IBB) has been showing supreme relative strength to the broader stock market, but that doesn’t mean you can buy a random biotech stock and make money – quite the opposite. Even though the index has held up, here are two companies whose stock prices have absolutely plunged overnight, bringing immense…
In good news for the broader economy and US Stock Market, crude oil prices failed a critical test of the crossovers of its key 20 and 50 period moving averages, and now could be headed lower for a support test of its rising 200 day moving average. Let’s see this recent development on the charts:…
High-flying stock Potash (POT) appears to be in a larger-scale distribution pattern on the daily chart and just potentially broke a descending triangle today. Let’s look at this chart for potential price targets should these patterns be valid. Potash Daily: Based on quick analysis, we have lengthy and persistent negative momentum divergences since April, and…