The IBD Index blog recently posted a wealth of data on system testing and permutations of percentage stop and percentage profit target in relation to the IBD 100 list, S&P 500, NASDAQ, in a recent post entitled “A Closer Look at Profit Targets.” The blog also has a large collection of posts on other aspects…
Today’s action was stellar both for the bulls and the bears, turning what looked like a trend day up into yet another end-of-day sell-off into the close. Let’s look at some possible trade ideas that you could have taken within this structure. I had expectations for price movement to the downside at the open, but…
Andrew Horowitz of the Disciplined Investor site (well-known for his weekly Podcasts and new book The Disciplined Investor) interviewed me last week and has posted the interview as a portion of his most recent Podcast in his series. Andrew’s Podcasts are becoming a leader in the field, and appeal to a wide variety of investors…
Market Club, known for their ‘trade triangle technology,’ is becoming more popular and widely known, and I wanted to share a couple of screen shots and a recent message and video by Adam Hewison. First, I wanted to show the “Welcome Screen” which contains direct links to your portfolio, ‘smart scan,’ Trade School (Education), Blog,…
We know that backtesting our ideas and strategies in the markets can lead to improvements in trading results – some would consider the process essential – but where do we start and what progression must we take? I’ve been testing out different ideas and strategies over the last few weeks and have eliminated some ideas…
The market has been strong since its March 2008 lows, but let’s take a peek under the hood at the Market’s Internals to see if there’s underlying strength or weakness. First, the the recent NYSE Advance/Decline Line: The important fact to note about this chart is that the line made a new high for 2008…
Today marked a day of relative indecision for the US Stock Market. The Dow & S&P are trapped just beneath their 200 day moving average, and formed a strange doji pattern at this level, while the VIX reached new lows for the year. Let’s look at these developments: S&P 500: The NASDAQ actually closed higher…
Apple’s new store in Boston, MA was opened to the public Thursday evening and I must say I was amazed at the beauty and aesthetic appeal of the storefront. I wanted to share a couple of pictures: (Courtesy Apple Insider) (Courtesy Apple.com) They’re building a new Apple store in my hometown of Huntsville, AL which…
The market indexes gave us another strange styled trend day today, with the market opening on the lows and closing on the highs while providing excellent retracement entry trades along the way. Let’s examine it: While traditional (or powerful) trend days begin with an opening gap, today’s price action opened very close to yesterday’s close. …
The US Markets remain trapped beneath their 200 day moving average but above their rising 20 period average. A breakout is likely, but in which direction will it occur? Let’s look at the SPY (S&P 500 ETF): The 200 period average is declining while the 20 is rising, and price is in a strong uptrending…