Here are this week’s “Editor’s Picks” from the NewsFlashr Business Blog section: Mish (Global Economic Analysis) shares some charts of various technical indicators which ‘scream’ caution (bearishness) going forward in the market. Stock Trading to Go shares an introduction to stock chart analysis, which can be used by primarily fundamental analysts as a ‘first step’…
Brad Stafford of Market Club released an educational video this morning on how to use news/headline alerts in Market Club to take advantage of “short-term pops” in certain stocks. (clicking the image opens the video page) Entitled “How to Play Short Term Pops,” in the introduction to the video, Brad writes, “With these Alerts you…
Chip Hanlon, creator of the “Market Neutral” Podcast Series on the Green Faucet website, recently interviewed me for this week’s Podcast. Entitled “Market Neutral Podcast with Corey Rosenbloom,” Chip and I discuss my background, experiences, the current market, and the CMT program in a brief segment. Chip also discusses the use of the #MKT tag…
Goldman Sachs (GS) is coming into Fibonacci resistance on a negative momentum divergence. Let’s look at this current development as well as learn a few lessons – such as a clear “Three Push” example – on its daily chart. (Click for larger image) First, let’s look at the “Three Push Reversal” pattern that formed on…
Are the ‘insiders’ buying or selling into this recent rally? Phil’s Stock World takes a look at what’s happening behind the scenes on the recent market rally – let’s take a look. Per Phil’s article: Take a look at the charts summarizing insider buying ($ amount and number of shares) during different periods and comparing insider…
There I go again with the long titles, but I had to fit it all in. Today, there were two excellent trading opportunities I wanted to highlight in today’s intraday structure. One was a “buy the 4th wave” into confluence support (with a TICK divergence) and the second was a “sell short the 5th wave”…
The 30-year Treasury Bond ($USB) has reached a confluence support level at $115. Let’s see the daily structure and observe a possible Elliott Wave count – all of which has bullish implications going forward if we can hold support here. (click for full-size image) The 30-year Treasury Bond has been flirting with the $124 support…
As requested by a few readers, I wanted to take a quick cross-market look at the daily charts of the US Dollar Index, Crude Oil ($WTIC), and Gold. Let’s see what may be the next major move in each of these inter-related markets. US Dollar Index: Let’s start with the US Dollar Index and make…
A lot of analysts have been watching copper for signs of life that might signal an early recovery is in the works. Let’s look at Copper’s Weekly and Daily chart for clues. Last week, I posted the ambitious post “Copper Comes into Confluence Resistance,” and price fulfilled my expectations for a downswing off the confluence…
It appears that the US Dollar Index broke to the downside out of a Bear Flag formation, hinting that lower prices are yet to come (and perhaps higher prices for certain commodities). Let’s take a look at the Daily Dollar Index. The whole Dollar price structure appears to be forming a larger bearish pattern, with…