Switching gears for this week’s “Wednesdays with Wyckoff” series, Richard Wyckoff not only contributed insights into the trading community, but also the broader investing world. This week’s update focuses on Wyckoff’s Six Factors he used for selecting a stock to buy as an investment, and they are as follows: 1. The Longer Term Trend of…
At the start of last week, I showed the “Arc Pattern” trendline boundaries that were forming at the peak of the intraday arc in gold prices, and this week, the arc continues right on schedule. Let’s take a look at the updated/current “Arc” pattern and then see where that structure takes us on the daily…
I’m seeing a lot of comments about Sina.com (SINA) stock, first with the run-up in share prices and now with the stellar retracement/sell-off phase underway. Let’s take a look at the current action and mix in a few important trading tips and lessons along the way. First, the “bigger picture” Daily Chart for perspective: Starting…
Many investors were taken sharply by surprise initially by the stellar run-up in Silver prices, and then perhaps more so by the dramatic collapse in prices after the period of euphoria and instability. But how do you define “instability” and “euphoria” objectively? Let’s learn a lesson from Silver’s Sigma (Standard Deviation) Bands and see what…
Many stock traders are aware of the meteoric rise in Wynn Resorts (WYNN), but new traders often report having difficulty finding that perfect entry into such a popular, strongly uptrending stock. Let’s take a step back and learn a few tips on trading simple breakout and retracement trades into a powerfully trending stock. Let’s start…
Earlier, I mentioned that retailer Abercrombie & Fitch snuck its way onto the “Top 5 Most Extended Stocks from the 200d SMA” list and that it was worth checking out for more analysis. Indeed, ANF is at a critical pivot or turning point on its weekly chart that will determine whether this strong power-rally continues……
There’s a large-scale (from the perspective of the intraday chart) “Rounded Reversal” or “Price Arc” pattern playing out in the stock market right now, which is one of my favorite patterns. Let’s take a look at the current “arc” structure and note two levels of Fibonacci Retracements to watch as the Arc continues. I’ve been…
In keeping with the recent lessons with the TICK and trading the intraday markets, let’s take a broader perspective of the past few days to see specifically how clean TICK Divergences helped you trade “swings” or mini-reversals intraday in the SPY or S&P 500 index. Here’s the broader multi-day chart: Click for full-size image. This…
I had a good question come in this evening which led to this post, clarifying one main tactic to trade (and forecast) with the NYSE TICK. The question was along the lines of: “Price and TICK both made a new high today but the bullish signal failed because the market reversed.” To which I thought,…
I’m overdue for an intraday trading lesson! Today gave us a great example of how to set-up, forecast, and trade a classic “Dead Cat Bounce” set-up on the intraday charts from a surprise or ‘shock’ move that created a large impulse move. Let’s take a moment and learn this lesson step-by-step, keeping in mind that…