Bullish Elliott Wave Fractals on the US Dollar Index Oct 18
There’s very interesting internal wave counts on the US Dollar Index shaping up right here. Let’s take a quick look at a potential Elliott Wave daily count on the US Dollar Index:
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A Look at the 12 Most Recent Failed Sell Signals in the SP500
With today’s break to new highs both in the Dow and the S&P 500, I thought it would be interesting to take a look at the 12 most recently “failed” or “busted” sell signals in the S&P 500 to see if we can note a pattern.
Reference back to my prior post on “Recent Failed Short-Sale Signals and Short Squeezes in the SPY” and “If History Repeats, Will it Mean New High for SP500?” (answer “yes!”) for more perspective.
A Year to Date Look at JP Morgan JPM and Intel INTC
With both Intel (INTC) and JP Morgan (JMP) reporting better than expected earnings, helping drive both stocks and major US Market indexes to fresh new 2009 highs, let’s take a quick look at the daily “year to date” charts of these ‘in focus’ stocks.
SPY Enters Confluence Weekly Gap and Fibonacci Area
Going back to TA 101, let’s take a quick look at the SPY Weekly Chart and note a prior “gap zone” along with the 50% Fibonacci Retracement – both of which rest slightly above price currently.
A Look at the 1929, 1938, and Current Recoveries
With the current Dow Jones Index up 52% from the March 2009 lows, let’s compare the current “Post-Crash” recovery rally to those of 1929 and 1937 to see of those periods can place our current rally into historical context.
Dollar Index Weekly Chart Update for Sept 16
Let’s take a look at the US Dollar Index, which has broken Fibonacci support and could be falling off a cliff from this point.
A Midday Check of Market Internals and Structure Sep 11
Let’s take a quick mid-afternoon look at the current market using the SPY (S&P 500) as our proxy – noting the chart structure and internals as captured at 1:30 EST on September 11th.
Fade the Gap, Make Millions
Ok, not really. But seriously, it seems the market is like a cash machine right now for those who employ gap fade tactics. Gap faders have found the hidden switch that turns on market profits simply and effortlessly. Today was another example of the gap fade tactic across many stocks and especially in the Dow…
A 1, 2, 3 Method for Quantifying Trade Ideas
Do you feel overwhelmed with opportunities when you complete an evening scan of your charts? Adopt a simple quantification method to separate trade ideas into three categories for increased possibility of action, and decreased confusion. This method assumes that you scan various charts either on the evenings or on the weekends, and are looking for…
How I Trade
lthough I predominantly act in the realm of intraday time frames, I use a top-down approach that funnels information down to individual trading decisions and am heavily steeped in technical analysis.My goal is to be a technical purist, yet I let fundamental and economic releases influence my overall bias. Although I approach my investment decisions…