Intraday Elliott Wave and Flag Lesson in SPY June 16
What a day! Let’s learn a few critical lessons from today’s trading activity, particularly in regards to how Momentum fits into Elliott Wave, how bear flags are confirmed with dojis, and more!
Gold Update Video – Will Long Term Trendline Stop the Fall?
Adam Hewison released another timely update on the gold market this morning entitled “Gold Update – Will a Long-Term Trendline Stop the Hemorrhaging?”
Introducing Scott Andrews – The Gap Guy
I met a lot of great people at the Los Angeles Traders Expo – one of the other speakers I got to meet was Scott Andrews, who runs the “Master the Gap.com” website, which provides information and subscription services related to gaps and trading strategies based on historical probabilities of gaps. The goal is to…
TNX Ten Year Yields Monthly Time and Price Structure
I found an interesting series of patterns in the 10-Year (TNX) Treasury Yields that I thought I would share with you. Let’s look at the Monthly chart and see these equal moves and then see the confluence Fibonacci that’s setting up right now.
Ideal SPY Bear Flag Completes Intraday with Lessons
Just a moment ago, an ideal bear flag trade completed on the intraday chart of the SPY. Let’s take a quick look at it and learn how Fibonacci could have helped time entry into this trade.
Watch this Price Level in Copper – Monthly Structure
Copper prices are coming into an interesting confluence on the Monthly Chart. Let’s draw a large-scale Fibonacci Grid and also note the EMA structure on Copper’s Monthly Chart.
Link: Algorithmic Programs that will be Eliminated
Mike Bellafiore of SMB Capital posted a link I thought you might find interesting, particularly if you trade short-term tactics or want to understand a little more about what tactics some quant funds employ. Entitled “Algorithmic Programs that will be Eliminated,” Mike discusses a specific strategy known as “Buying the New Low” which – as…
The Pullback Flag Retracement in Google GOOG
Google (GOOG) formed an interesting pullback retracement to the rising 20 day EMA, forming a possible Bull Flag in the process – let’s look at it in more detail.
Server Upgrade and Migration
A note from Corey – over the weekend, we will be upgrading to a dedicated server/webhosting and the site may be down sporadically during that period. We will soon be offering a daily and weekly subscription service (click to read more information) as well as a free education resource on technical analysis and trading. Suggestions…
Dow Theory Nonconfirmation in Transports and Industrials
There’s interesting chatter in the “Dow Theory” community as to whether we’re experiencing a non-confirmation in the Industrials and Transports currently – namely, the Industrials are at a new high for 2009 and are above the 200 day SMA while the Transports are not. Let’s take a look at both.