I wanted to highlight the Three Push Reversal Pattern which led to the Cradle Trade on today’s intraday SPY chart. Let’s see these trade set-ups! I’ve done something a little special for you in tonight’s post. I get a lot of questions about my “3/10 Oscillator” I use so I wanted to show you how…
My weekly ‘Editor’s Picks‘ for the NewsFlashr Business Blog section are now online. Here are this week’s “Top 8” picks: Trader Feed shares thoughts on the psychology of trading in Secondary Anxiety and Trader Performance, which is helpful for traders and investors who have suffered losses over the last few months. Stock Trading to Go…
That’s a lot to say in one headline! In addition to a (so far) confirmed downside break of the bearish rising wedge on the S&P 500, an ominous Head and Shoulders pattern has now formed on the 60 minute structure. Let’s take a look at this new development. If there ever was a confluence sell…
Let’s take a quick mid-week look at the S&P 500 daily chart structure for April 22, 2009. While I’ve been making much of the “Bearish Rising Wedge” (which was broken to the downside on Monday), keep in mind that it still looks like we could be forming a “Rounded Reversal” on the Daily chart as…
It’s rare when all of you indicators point in the same direction, but when it does, a powerful trade can open up. I wanted to show you such a trade that just completed in the QQQQ: Real quick, price formed a 5-wave Elliott Wave fractal into the intraday highs, but more importantly, notice it did…
I wanted to point out a 5-wave Elliott structure and two bull flags that offered trading opportunities in today’s (April 21, 2009) intraday SPY structure. We started the day with a medium overnight gap which was quickly filled (small to medium gaps have greater odds of filling than large gaps), so that should have been…
I was excited to hear that Andrew Horowitz’s guest this week on his Disciplined Investor Podcast series was Jack Schwager, author of the famous “Market Wizards” interview books. When I first became interested in trading, I read both of Schwager’s books, which have become required reading now it seems – Market Wizards and his follow-up…
The movement of the VIX has been puzzling many people over the last few months, particularly in not confirming market lows with increased upward spikes. Let’s look at the current structure of the VIX and where we’ve come. Remember, the S&P (and other US Equity markets) hit new lows in October (2008), November, and March. …
The Energy ETF (XLE) has lagged the broader market, and now it has gapped down through all major support on its daily chart, which could be a bearish omen of things to come. Let’s take a closer look. Notice that the XLE failed to break above its February high like some other ETFs did (like…
I wanted to highlight the near perfect Elliott Wave structure that formed intraday on SDS (S&P 500 UltraShort), including a focus on trading opportunities and set-ups within the developing wave structure. (Click for larger image) First and second waves are notoriously difficult to predict or trade, but once you know what you’re looking for and…