A special announcement – every few months, Elliott Wave International (www.elliottwave.com) offers a “Free Week” for traders to see all about the services offered – this week is open and will run to Wednesday July 22nd. It actually began last week but there is still time to check out what EWI offers for subscribers, including…
India’s “Nifty 50” stock index gave us all an example of how to identify confluence support and what happens when price pulls back – especially from a bear flag – into this level. Let’s learn a few lessons and look at what might be ahead. For those of you who don’t follow India’s markets, this chart contains valuable lessons for you as well.
The current S&P 500 60-minute structure (and SPY) give us valuable lessons in two ascending triangle breaks and multi-swing divergences. Let’s see what we can learn from this chart.
With Google (GOOG) announcing earnings that ‘disappointed’ Thursday night and Intel’s (INTC) earnings earlier in the week surprised, let’s take a quick look as of July 17th at these two market moving stocks.
I almost let this bit of news slip me by! The NASDAQ Index crested above its June high today, creating a fresh new high for 2009. As strength in the Technology Index can foreshadow strength in the broader market, this is definitely worth a second look. Without going into too much detail, I mainly wanted…
Many traders might be missing the recent breakout in motorcycle retailer Harley Davidson (HOG). Let’s take a look at Harley Davidson’s chart past and see the recent price breakout which resembles a flag formation.
Here is this week’s “Editor’s Picks” from the NewsFlashr Business/Investing Blog section! Dr. Steenbarger of TraderFeed shares his insights on the “Three Mistakes [he] Sees Most Traders Making.” Are you making one of them? Trader’s Narrative shares graphs and thoughts on the 18 Year Stock and Commodity Market Cycles. The Disciplined Investor interviews Frank Curzio…
I’ve tended to focus a lot of my analysis on the S&P 500, but let’s take a step back to look at the Dow Jones Index for possible clues and an interesting pattern that *could* be forming on the daily chart.
While I typically look at the US Dollar Index, the best way to measure up the strength of the Dollar is in relationship to specific currencies, instead of the basket index. In his most recent video, Adam Hewison takes a look at the longer-term relationship and price structure of the Dollar-Yen FOREX Cross (USD-JPY) and…
Bulls managed to defend the 875 level both last week and Monday morning, which is an absolutely CRITICAL level for them to hold – a solid close beneath that level will trigger a massive sell signal… but we’re not there yet.
Price bounced off the ‘demarcation line’ of 875 as well as the 200 day SMA and last weeks’ “Tri-Star” doji pattern. Let’s see it all.