Let’s take a look at this week’s “Editor’s Picks” from the NewsFlashr Business Blog website: 1. Dr. Steenbarger of Trader Feed had two excellent and resourceful posts I wanted to highlight this week: First, “Trading Transitions – Profiting from Reversals” and Second, “Uncovering Your Trading Rules.” 2. If you ever wanted a pictorial representation of…
Adam Hewison of Market Club released a new 8-minute video update on his projections for the future of the S&P 500 over the coming months which discusses Fibonacci retracements to watch as well as price targets for the often discussed “Inverse Head and Shoulders” he sees as a potential formation. Officially entitled “Imaging Not Having…
All three major US Stock Market Indexes – along with their respective ETFs – have formed two dojis in a row above their upper Bollinger Bands. While this certainly doesn’t guarantee a reversal, it’s at least a warning sign that would benefit us to take a closer look.
Let’s see the price moves of the DIA, QQQQ, and SPY off their March lows and take a look at the current doji candles along with other instances where at least two dojis in a row formed… and see what happened next.
Today served as a great lesson of the “Elliott’s Fractals” trade concepts I frequently mention here on the blog.
The main idea is to recognize a new momentum and price high (impulse) for a potential 3rd wave, and then wait for a pullback into support. Buy into the support and play for a possible 5th wave that should end in a momentum divergence. Today served as a great lesson of the “Elliott’s Fractals” trade concepts I frequently mention here on the blog.
The main idea is to recognize a new momentum and price high (impulse) for a potential 3rd wave, and then wait for a pullback into support. Buy into the support and play for a possible 5th wave that should end in a momentum divergence.
In early July, I analyzed IBM’s daily and weekly structure because there were clearly conflicting signals depending on whether you examined the Weekly or Daily timeframe. Please reference the original post “Conflicting Signals in IBM” which was also published at the MoneyShow.com for the background before reading the resolution.
The main idea was that if you examined the Daily Chart in isolation, you would have seen a negative divergence along with a breakdown of moving average support and the likely expectation for a major trend reversal down to be the dominant trading idea – short.
Many analysts find charting Copper Prices helpful for assessing the strength of the broader economy. After all, if demand for copper is increasing, a major reason could be that construction activity is increasing, which signals a strengthening economy.
I wanted to show you a quick “Weekly Fly-by” chart comparison of the 10-Year Notes, S&P 500, Crude Oil, and US Dollar Index to note key inflection points across all markets – with key markets at such important inflection levels, a push either way will clue us in to what’s ahead for the next few months.
With markets at potentially major turning points – one way or the other – let’s take a quick look at the CRB (Commodity) Index for a possible clue.
I’ve been reading some interesting commentaries on gold prices and expectations recently, but let’s step back to the basics and take a look at the lengthy triangle consolidation formation and note key levels to watch on a potential break.
General Electric (GE) gives us a great example of how the patterns in technical analysis (charting) are fractal, and are applicable to all timeframes. Let’s take a look at perhaps the most massive bear flag I have seen, which serves as an ideal educational example of the “Enhanced Flag” concept.