For the last couple of months, I’ve been receiving the StockTwits.com “Daily Goodness” morning newsletter and I wanted to share the link for that for traders who follow Twitter and enjoy quick morning summaries emailed to your inbox. Here’s an image from yesterday’s morning update: (Clicking on the image takes you to the sign-up page…
There’s been a few posts recently connecting the Dow Jones index of 1929/1930 (crash and recovery) to that of today, and I wanted to share a link to the most recent video update by Adam Hewison who takes it one step farther than I have in my update posts on the comparison. Entitled “Dow 1929…
After completing a perfect bull flag (in pure text-book example) as expected, the US Dollar Index is now forming a bearish ‘sell’ signal at the target of $80.50, which is worth our attention.
Pardon the purposeful alliteration, but let’s look at the Daily Dollar Doji Sell Signal:
TLT is showing a notable contraction in price and a compression between key daily moving averages that is worth watching for a breakout move.
Let’s take a look at the daily chart to see this squeezing structure.
It’s hard to come up with a good title that gets you to read a post about “Fibonacci Confluence,” but it’s an important and useful tool you can learn – if you haven’t already – that can help you uncover possible targets for intraday traders to play for, and also areas of hidden resistance (or support) that sets up a reversal trade when combined with other indicators.
Let’s take a look at today’s Fun Fibonacci Confluence in the intraday SPY.
Monday brings us another quick update of the “Indicators the Disciplined Investor is Watching” from Andrew Horowitz. The February 8th update is entitled, “Oil Appears Oversold… For Now” 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…
So much attention lately has been devoted to the “PIIGS” countries and economic concerns, but I wanted to take a special look at Spain’s market index along with the iShares ETF to note a classic Rounded Reversal pattern that could be ending into a likely support area.
It’s true that failed trades sometimes can teach us more than successful trades, especially if we take the time to learn what went wrong – as in “Did I make a trading error” or “Did the market do something unexpected?”
There was a particularly high probability trade set-up that triggered late Friday afternoon that failed due to the afternoon surge, but there were a few hints and lessons we can learn from this experience, so let’s take a look!
The folks at Elliott Wave International are offering a special “FOREX Free Week” for all interested traders and investors to see what membership to the EWI FOREX Trading and Investing service is like. If you are a FOREX trader, or watch currencies in general, this is a great opportunity to take a look at research…
They folks at the Fibozachi website have been busy lately, posting a few brief updates to the state of the markets, including some bold claims on the state of the S&P 500. I wanted to share a few of those links with you here. First, here is today’s Short-Term Update Post published at the Zero…