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Rising Trendlines – The Only Thing that Matters Anymore?

Bycjrosen

I often advocate taking at least a few moments to pull everything off your chart except price – doing so allows you to see the character or structure of a market without all the clutter.

This post is an update on my prior post “S&P 500 Trendlines Reveal Boundaries and Positive Feedback Loop” which still rings true today.

Since the February 2010 bottom, two trendlines have been the only thing that ‘mattered’ when setting up trading decisions – not volume or momentum divergences, not overbought oscillators, nor any other methodology.

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EWI Article: Blaming Market Manipulation is an Obstacle to Success

Bycjrosen

The folks at EWI (Elliott Wave International) released a provoking new article today entitled: “Blaming Market Manipulation for Losses is a Huge Obstacle to Success.” The article encourages traders to take responsibility for losses instead of finding scape-goats to blame. Losses may have just been the result of a bad outcome from a high-probability trade……

Technician Edge: What’s Up with Volume? Something’s Gotta Give!

Bycjrosen

I couldn’t resist taking a look at the lengthy and often discussed negative volume divergences in the S&P 500 (and other indexes), so I addressed that issue in today’s column at the Green Faucet’s Technician’s Edge Column with a post entitled: “What’s Up (or down!) with Volume Lately?  Something’s Gotta Give!” I show different perspectives…

Simple Short Term Trendlines in Crude Oil and Gold Prices

Bycjrosen

Sometimes it’s helpful to pull all the indicators off the charts and take a ‘pure price’ look at a market or stock, which can not only give you additional perspective, but can clue you in to dominant trendlines that you might be missing if you have all sorts of indicators over your charts.

Let’s take a moment to look at the ‘pure price’ recent rallies – as seen on the 30-min charts – of Gold and Crude Oil futures prices and the trendlines that have developed.

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Indicators the Disciplined Investor is Watching April 12

Bycjrosen

Monday morning brings us another week-starting post from Andrew Horowitz as he shares his “Indicators the Disciplined Investor is Watching.” This morning’s posts focuses on charts and earnings, and the update is titled: “Earnings Season Trends and Directions.” Andrew writes: “Gold looks prime to rip higher as inflation concerns emerge and oil bulls are having…

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Logarithmic Chart View of the Arc Patterns on the US Equity Indexes

Bycjrosen

The prior “Arc Update” posts have generated a lot of attention, and I wanted to continue that series with updated charts that answers a question that a few readers have asked:

“What would the arcs look like on Logarithmic Charts?” instead of the default arithmetic charts I’m showing.

Reference back to the prior updates for comparison, especially:

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Strange Occurrence: All Four US Equity Indexes at Round Number Resistance

Bycjrosen

In one of those strange occurrences that feels like you’re in the Twilight Zone, all four major US Equity Indexes are bumping into “Round Number” levels all at the same time. That’s generally an unusual occurrence.

So, it pays to take a quick look at all four indexes as they challenge these overhead levels – for better or worse!

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Updated Arc Patterns on the Daily US Equity Indexes Reference

Bycjrosen

In keeping with the last two update posts on the “Rounded Arc on the NASDAQ April 9” Index (short-term) and Rounded Arc on NASDAQ from March 30, I’ve received a few comments asking about the larger pattern of a rounded arc not just on the NASDAQ, but other equity indexes.

And you’re right – there are large-scale arcs on all US Equity Indexes (Dow Jones, Russell 2000, NASDAQ, and S&P 500) starting with the March 2009 low and moving one-year later to the present.

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New Interview Posted at Trader Interviews – Trader Scott the Cocktail Napkin Technician

Bycjrosen

Tim Bourquin at TraderInterviews.com posted a new featured interview with a full-time swing trader who shares his strategies for stock selection, holding period/strategy, and exit plans. Interestingly enough, he referred to himself as a “Cocktail Napkin Technician” which means that he keeps his methods as simple as possible – so much so, that it wouldn’t…