Let’s take a look at the most recent “Editor’s Picks” from the popular NewsFlashr Business Blog Aggregator website: 1. Dr. Steenbarger of Trader Feed shares a “Cognitive Strategy for Overcoming Frustration in Trading.” 2. Bill Luby at VIX and More released a ‘draft graph’ of the new “Trader Development Model” that is worth referencing. 3. …
It’s a “Tale of Two Moving Averages” – in that the daily S&P 500 broke beneath the rising 20 day EMA while the US Dollar Index broke above its falling 20 day EMA. Let’s take a quick look at these structural developments.
The Dow Jones Transports Average ($TRAN) is testing its 50 day EMA at the 2,700 level – we need to keep a watch on this level to see if it breaks… or holds.
Let’s take a quick mid-day look at the SPY/market internals and current structure as we begin not only October 2009, but the final quarter of 2009.
I wanted to do a quick update post to show the “Rounded Reversal” pattern that formed recently on the intraday charts in GLD (Gold Tracking ETF). Let’s see it on the 15-min frame.
Adam Hewison released an educational video this morning entitled “How to Trade Divergences in the S&P 500“. Like me, Adam is using the MACD (standard settings) to highlight non-confirmations between price and the indicator. Divergences occur when a market makes a new swing high but the MACD indicator (or other oscillator) does not make a…
Unless you’re following Apple, or glance at it from time to time, you might not believe me when I say Apple (AAPL) stock is about $15 away from an all-time high just above $200 per share. Yes – it has recovered that much since the bear market lows of $89 per share. Let’s take a quick look at the weekly and daily charts.
It’s that time again! The MoneyShow.com is hosing the popular “Traders Expo” in Las Vegas, NV from November 18-21. This is shaping up to be one of the best Expos I have attended, and I hope you’ll join me and the dozens of other traders and educators this year! Best of all – attending the…
With Gold (and the Gold ETF of GLD) making a sudden and sharp reversal back to the downside, I thought it would be a good idea to highlight the “Three Push” pattern – one of my favorite patterns – that preceded the reversal and how you might have anticipated and then traded the reversal intraday. Let’s see it.
Copper Prices, which can be early indicators of economic strength or weakness, are hanging as close to the edge of a cliff as possible and we need to watch the outcome of the current structure for clues ahead. Let’s see it.