On Wednesday, the Dow Jones ETF – the DIA – gave us a good example of an ascending triangle… that brokeout in the opposite direction as expected. Let’s examine it and learn from its development. 5-Minute Chart DIA: Generally, an Ascending Triangle is a continuation pattern and has an upwards break-out bias, as strength is…
What a month September was for the Market. It lived up to its reputation as a weak month historically. So, how did the gap-fade tactic work in the Month of September? How many overnight gaps occurred in the Dow (DIA) and how many of those filled? It’s time to take a look as a new…
The only way I can describe the recent stock market activity is that of a wild “Roller Coaster” ride. Up, down sharply, up again, down again – nauseating, but fun if you like the wild swings (or have short-term strategies to take advantage of them). Let’s take a closer look at the S&P 500 to…