TechnicalTrades.net offers traders an Equity Curve Generator algorithm/program for you to input parameters into the formula and randomly simulate outcomes that could be representative of your trading system. Generally, the success or failure of a trader is due to study of the overall system they have developed personally, and diligent application of that system in…
The author of the blog “Gaming the Market” informed me that his blog has moved and I wanted to provide the link to his excellent and developing blog. “Gaming the Market” provides excellent analysis and detailed posting on information relating to the popular topic of “gaming the market.” So far, the author has addressed short-selling,…
Today’s reversal in the indexes give us pause about the short-term continued bullish direction. Let’s look at the multiple momentum divergences that have formed on the higher intrday time-frames. DIA 30 minute chart: On the 30 minute chart, we see the classic “Three Push” or “Three Swing” pattern, all three of which have formed negative…
Finviz.com is a relatively new website you may not have discovered yet that offers a wealth of free information, ‘heat-maps,’ and screening tools for your trading needs. I wanted to highlight a new feature, Finviz Group Performance, which gives a quick comparison across timeframes of how different sectors have performed. Here is a sample of…
Google Inc (GOOG) missed earnings this week and plunged almost 10% by week’s end. Let’s look at the daily and weekly chart briefly to see if we can find any clues for potential price action in the future. Google Daily: With the failed earnings expectations, Google stock – proving once again why it is known…
This week finally gave traders the ‘bounce’ they were anticipating, in terms of an overdue “oversold” technical rally. Let’s look at this development and try to make some price projections on what might happen next. First, the Dow Jones Daily Chart: I think initially, my first thoughts are that short-sellers are covering en masse which…
If you’ve become dependent on that morning cup o’ Joe from your favorite local Starbucks, you might want to check out this list published by USA Today which lists every single Starbucks (SBUX) store (600 of them) that will be closing soon. USA Today Article Link to PDF File of all 600 Starbucks Store Closings…
I sincerely hope you weren’t majorly short the Financial sector the last few days – if so, I hope your stops took you out before carnal and potentially devastating damage was done to your account. Let’s look at what went wrong (and right) so quickly. Let’s assume you heard the news of how Financial stocks…
Let’s read a few highlights from around the blog world from short-selling to oil & gold and beyond! Adam Warner, a former options market maker on the floor, provides a very insightful and thoughtful discussion on the recent short-sell rule changes in his post Short Scream. Adam writes, “The consequences? Like Mr. Practical says, reduced…
How might we have identified and taken advantage of today’s developing trend structure? Let’s take a couple of perspectives. First, we, along with many other traders, have been expecting some sort of ‘oversold technical bounce,’ meaning odds were increasing for some sort of ‘snap-back’ rally, similar to the visual concept of a rubber band being…