If you’ve been keeping an eye on the major news or trends in the major markets, you may have noticed a not-so subtle shift that’s clearly taken place. Let’s see what that shift is and what it might mean for the future. First, let’s look at the following markets and their performance since the start…
Surprisingly (at least to me), the market gave us yet another trend day, though – again – it was not your classic trend day. Let’s continue to study each trend day occurrence for clues about how to trade them for maximum profit. DIA 5-minute chart: Typically, trend days follow range-bound, consolidation days – this was…
The market gave us yet another trend-style day down today, washing away most if not all bullish hopes for an extended counter-rally recovery. Let’s view the intraday charts to see what opportunities were in store for nimble and aware traders, who were able to take advantage of the trend structure today. DIA 5-minute chart: Most…
Recently, I posted the Top 10 and Bottom 10 Stocks in the S&P 500 average by daily Average True Range. Now, let’s look at the top and bottom stocks by factor of percentage of the ATR to the recent close – stocks with a higher percentage will be more volatile than those with lower percentages,…
Mish at “Mish’s Global Economic Trend Analysis” (an excellent site) recently detailed for us the “Ten Bear Market Phases” which is certainly worth a read and further study – or memorization. I’ve been wanting to articulate something similar to these phases, but I tip my hat to Mish for compiling such a great and informative…
Knowing the Average True Range (ATR) value of a stock for a given period can be immensely helpful for you in developing trading candidates and risk-management strategies. What are the Top Ten and Bottom Ten ATR values for stocks in the S&P 500 Index? The Average True Range Indicator tells us the ‘average’ price movement…
The Dow Jones Industrial Index completed a large-scale “measured move” pattern last week, which culminated with a large momentum bounce (confirmed counter-trend rally) which led us to this week’s action, which found resistance and is retracing part of the counterswing move. If all that sounds confusing, let’s look at the charts. Dow Jones Weekly Chart:…
Are great traders born, or can they learn the skills? Is it Nature (in-born) or Nurture (learned)? INO TV has released a video of Russell Sands, an original famed “Turtle Trader” discuss his experience as a turtle and his thoughts on the matter. Entitled “I am a Turtle,” Sands discusses what he learned and provides…
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…
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…