Quick Look at Monday’s Trend Day Up May 18
Wow – what a trend day up for Monday May 18th. Let’s look inside the intraday structure and try to learn some lessons from today’s Type III Trend Day action.
Battle of Tech Titans – AAPL vs RIMM from Hewison
Entitled “Battle of the Titans – Apple vs RIMM,” Adam takes a moment to discuss the Blackberry vs the iPhone, then moves into discussing their charts (along with relative strength), and finally discusses a possible “Pairs Trading” strategy
The SP500 Really Has to Hold this Level
There’s an epic struggle (maybe not that intense) to hold the rising 20 day EMA on the S&P 500; the battle has already been lost on the NASDAQ. Let’s take a very quick look at this level and what it might mean.
Additional Examples of Fibonacci Confluence
Fibonacci Confluence grids as I mentioned in yesterday’s educational post “A Lesson on Fibonacci Confluence.” I wanted to share a few more examples of this powerful concept in action.
A Lesson on Fibonacci Confluence May 14
Thursday’s intraday trading action gives us a perfect example of how to use Fibonacci grids to uncover ‘hidden’ confluence zones in the market action. Let’s see how to do it and how it played out in the SPY.
Intraday TICK Divergences and Structure May 13
There were some interesting lessons to learn via the intraday action on May 13, 2009. Let’s see some of them – particularly three TICK divergences and a fractal Elliott Wave pattern on the trend day.
Quick Andrew’s Pitchfork Tool Insight on the SP500
Let’s take a quick look at what the mysterious “Andrew’s Pitchfork” chart tool is telling us currently on the S&P 500.
Corey Will Be in New Orleans this Weekend!
Just a quick personal note to say that I will be in New Orleans, LA from Saturday May 16 to Tuesday the 19th. If there’s any readers or traders who want to try to meet up for a quick lunch or dinner while I’m there, email me to let me know and I’d be happy…
Possible Fractal Elliott Wave Count of Gold May 12
Here is a possible Elliott Wave count interpretation and simple structure forecast for Gold prices going forward
Hewison Video: How to Use Intraday Charts to Time Entries
Officially titled “How to Use Intraday Charts to Time Low-Risk Entries in Crude Oil,” this technique is applicable to all stocks or markets. It’s really a simple strategy of combining the structure (say, an uptrend) on a higher timeframe and then buying a pullback into key support on a lower timeframe.