A Weekly and Monthly Look at the NASDAQ finds Resistance
Let’s take a look at the current long-term Monthly and Weekly structure of the NASDAQ index to note key levels of overhead resistance which, if broken, will open clear skies ahead for price.
New Article on The Importance of Trade Execution Tactics
I recently had an article published at the large TradingMarkets.com website that I wanted to share the link and some excerpts with you. The article is entitled “The Importance of Trade Execution Tactics,” and in the article I cover how making small enhancements to your trade entry strategies can add up to hundreds if not…
A Midday Check of Market Internals and Structure Sep 11
Let’s take a quick mid-afternoon look at the current market using the SPY (S&P 500) as our proxy – noting the chart structure and internals as captured at 1:30 EST on September 11th.
Opportunities from Popped Stops Intraday
In following up on a prior post entitled “What Happens when Key Resistance is Broken?” – I thought today’s intraday price activity gave us another excellent example of the “Stop-Pop” Technique and lessons on how to profit from pockets of known stop-losses being ripped from the market. Let’s look:
Sector Performance Insights from the July Lows
Let’s try to glean some insights from the “Sector Rotation” model as we look at both absolute and relative (to the S&P 500) AMEX Sector SPDR returns of the 9 major sector ETFs – paying special attention to the “Offensive” and “Defensive” Groups.
New 47 Page eBook Download on Spotting Trading Opportunities
The folks at Club Elliott Wave International (Robert Prechter’s site) released what I think is a very generous limited time free download of a 47-page e-book simply entitled “How to Spot Trading Opportunities” that I wanted to share with you – it’s not just for those interested in Elliott Wave but for much broader traders.
Weekly View of Apple AAPL Shows Volume Disconfirm
A reader asked me to take a look at Apple (AAPL), and I had to highlight the weekly timeframe volume divergence that has been developing off the price lows all through the current strong rally. Let’s take a quick look at Apple’s (AAPL) weekly and daily stock charts.
Midday Check of Market Internals Sep 9
As we head into the lunch hour on September 9th with a strong market rally underway, let’s take a look at the major market internals as viewed from custom screens in TradeStation:
Fresh 2009 Highs for India NIFTY into Resistance
India’s “Nifty 50” Stock Market Index (symbol $CNXN in StockCharts.com) broke to a new 2009 high today, but before we get too bullish, let’s take a look at what bulls need to overcome to keep the rally going – hint… Fibonacci and a Rising Wedge.
Hewison Video Update and Projection in Gold
Adam Hewison released an update video last week on Gold as prices broke out of the triangle as I have mentioned here on the blog on the same day. Sometimes it helps to have a video overview and a different perspective on the patterns, and I always enjoy Adam’s perspective. His new video is entitled,…