Sept 8 Major Morning Activity in Dollar Index and Crude Oil
I wanted to do a quick mid-morning update on a large move in both the @DX (Dollar Index Futures) and @CL (Crude Oil Futures) as there has been some interesting movement in both.
NewsFlashr Editor Picks for Labor Day 2009
It’s time for a holiday weekend edition of the NewsFlashr Business Blog Editor’s Picks for Labor Day 2009! (First Labor Day “parade” – New York, 1882 – source “Wikipedia Labor Day“) 1. Dr. Steenbarger of Trader Feed published a string of posts on System/Discretionary Trading that give traders something to study: Developing a Trading System…
A Quick Look at SPY Elliott Fractals on Friday
Not only was Friday’s trading day active and interesting, but price gave us a neat example of the “fractal” concept of the Elliott Wave principle. Let’s take a look to see a good educational example of the concept played out on the ultra-short 1-minute timeframe:
A Look at Daily Google GOOG Trend and Support Levels
A reader asked me to take a look at Google, so let’s chart Google’s (GOOG) daily course through 2009 and note key levels of support to watch going forward.
How to Look at Morning Volume with TVOL
I wanted to highlight a particular ‘indicator’ in TradeStation and other trading platforms that allows you to compare relative volume off the opening session with prior opening sessions of the same length.
In TradeStation, the symbol is $TVOL – and here is what the current morning’s graph shows for the first hour’s volume in comparison with prior days:
A Weekly and Daily Look at Fresh Highs in Silver
With all the attention on Gold’s recent breakout, I haven’t seen as much attention focused on the index breakout to fresh 2009 highs in silver! Let’s take a quick look at something interesting in Silver’s (index) weekly chart, as well as the daily structure.
A 60 Minute Internal Look at GLD Breakaway Gap
I wanted to step further inside the GLD break and highlight the initial break, apex test, and then breakaway gap as this served as an excellent example to showcase these concepts.
A Look Inside Gold and GLD Daily Triangle Break
There’s been a flurry of activity in regards to the recent internal triangle breakout of gold from its lengthy triangle consolidation pattern. Let’s take a quick look at this pattern and what might be in store.
The End of DXO – Double Leveraged Long Crude Oil
I can’t say I’m entirely surprised by the announcement today (via Yahoo Finance) that Deutsche Bank will end the Double-Leveraged Crude Oil ETN under symbol DXO. The full story is tantalizingly entitled, “ETN Shutdown Won’t Be the Last.” Be sure to read the full story by Don Dion (from TheStreet.com).
Hewison Video Update and Projection for NASDAQ
Just in time to highlight a potential market inflection point, Adam Hewison released a six-minute video update on the past and current structure of the NASDAQ Index entitled “NASDAQ Trade Triangle Update.” In the brief video, as usual, Adam highlights key Fibonacci retracement levels and comments – as I have been doing – on the…