With the US Dollar Strengthening, officially reversing the trend back to the upside, and consolidating above support, let’s look at the daily and weekly chart to see what’s happened and what might be in store. US Dollar Index Daily Chart: The dollar bottomed at the same time that the US Stock Market bottomed (July 15th),…
Would you like a simple, easy to implement trading strategy that has recently returned a 96% win rate, and it doesn’t require indicators at all – in fact, it doesn’t even require watching the market intraday or watching any news reports. Sounds too good to be true? Of course, but recent research and a simple…
Who would have thought it – Freddie Mac (FRE), which has been battered by almost endless selling, has actually doubled in value since the end of last week. Let’s take a closer look at this remarkable accomplishment that may have shocked a lot of market participants. Let’s look at a logarithmic scale of Freddie Mac’s…
Wednesday offered some interesting trade set-ups and opportunities that I wanted to describe from an educational standpoint, as the day showed a clear example of a bull flag measured move and momentum divergence… I also discuss Fibonacci retracements for added depth of understanding. With that said, let’s look at the DIA (Dow Jones ETF) 5…
Apple Inc (AAPL) and Google (GOOG) are telling a different story on their respective daily charts – AAPL sits at support on a potential buy signal while GOOG has fallen beneath resistance on a potential sell signal nearing possible support. Let’s take a quick look to see if we can make any sense of this….
With the mention of the Russell 2000 and NASDAQ forming similar patterns, let’s take a quick look at the actual NASDAQ index to let it speak for itself. NASDAQ Daily Chart: The Index formed a negative momentum divergence going into resistance in May, which led to the June and July downswing (primary downtrend swing), which…
It’s time to look at the top and bottom 10 stocks in the S&P 500 Index in terms of percentage above or below its 20 day simple moving average, which attempts to measure stock strength and weakness, and introduce possible trading opportunities. What we’re looking at is the percentage that price is extended above the…
Let’s talk about volatility and intraday range. Generally, it’s best to select swing or day trading candidates that have stable patterns, clean ranges, respect for support and resistance (and moving averages), stability, and the like. What happens when you look back on a stock’s chart and see wildness and confusion? It might be best not…
Monday brought a thrashing in the US Stock Market, but the selling was not contained there. Gold took a hit, oil prices rose very slightly, and bond prices rose on the day, reflecting a possible ‘flight to quality.’ Let’s take a look at some of the sector action on Monday to see if we can…
We’re picking up on a relatively bearish volume pattern in the Dow Jones and S&P Indexes. On downswings in the context of the larger downtrend, we are seeing increased volume to the downside and light volume when price mounts counter-rallies (up-swings). Let’s look at these patterns and see what they might mean. A little background…