cjrosen – Page 238 – Afraid to Trade

SP500 Breaks Resistance on Declining Market Internals – A View Inside

Bycjrosen February 18, 2010

The S&P 500 cracked the key 1,100 resistance level, and it was met as expected with a surge of “popped stops” as bears threw in the towel – which serves as another example of “what happens when key resistance is broken?”

However, we’re not seeing the classic signs of strength that accompany strong price breakouts… but does that need to be the case in the current altered financial landscape?

Do old rules still apply? Let’s take a look.

A Quick Look at the Daily Euro Chart Feb 17

Bycjrosen February 17, 2010

With the US Dollar Index completing its daily Bull Flag, the Euro completed an opposite bear flag. Both currency indexes are at key inflection points, so let’s take a quick look at the key level to watch now in the Euro Index.

Links

Indicators the Disciplined Investors is Watching Feb 16

Bycjrosen February 17, 2010

Wednesday brings us another quick update of the “Indicators the Disciplined Investor is Watching” from Andrew Horowitz. The February 16th update is entitled, “Bullish Signals for Metals” and includes a quick overview of key index charts to watch. The above charts are a sample of the report, and clicking the image will link you to…

Daily Commentary

Resistance to Hold or Break on SP500 Daily Feb 16

Bycjrosen February 16, 2010

I wanted to do a quick update showing the key resistance level at 1,100 that either will hold as an overhead sell signal, or break as buyers continue pushing prices higher, triggering a “popped stops” rally if they can move the index above 1,100.

Links | Psychology

AtT Best of 2009 Part 1

Bycjrosen February 13, 2010

I wanted to create a stable archive of the “Best Posts of 2009” from an educational and reference perspective, and without further delay, here are the selected best posts from Afraid to Trade of 2009! This will be the first of a series of mini-archives which will focus on trading strategies and research. Remember, I…

Daily Commentary

The Daily Triangle Strangle in Gold – Higher or Lower

Bycjrosen February 13, 2010

There are converging trendlines evident on the daily chart of gold, and I thought that structure would be worth a closer look.

Here is a quick ‘chart view’ of Gold’s daily ‘triangle:’

Daily Commentary | Market Education | Trade Set-Ups | Uncategorized

Three Day in a Row SPY Pattern Yields Profit or Peril

Bycjrosen February 12, 2010

If you feel like the market is in Déjà Vu mode intraday, rest assured that you are picking up on a repeating pattern so far over the last three trading days, particularly for intraday traders.

Links | Psychology

Technician’s Edge: Sector Return Model YTD Shows Strange Utility Behavior

Bycjrosen February 11, 2010

Today’s “Technician’s Edge” post at GreenFaucet.com is entitled “Sector Return Model Year-to-Date Shows Strange Behavior in Utilities XLU,” which not only looks at the 2010 returns so far from the Sector Rotation Model, but at the current daily chart of the XLU Utilities Sector SPDR. Here is a chart of the current Year-to-Date Sector Returns…

Daily Commentary

Midday Check on SP500 Market Internals Feb 11

Bycjrosen February 11, 2010

Let’s step inside the recent retracement rally and view the current state of the three key “Market Internals” and what clues those internals are revealing.

Daily Commentary | Market Education

SPY Double Dual Divergence Reversal Day

Bycjrosen February 10, 2010

I always enjoy showing clear examples of trading concepts such as divergences, and today gave two solid examples of the dual Momentum and TICK divergences preceding intraday price reversals.

In fact, the absolute low and high of the session was formed with such a dual divergence.