Earlier, I looked at the top and bottom 10 stocks by average true range and percent of average true range. Now, let’s examine the Top 10 stocks in the S&P 500 extended the greatest distance above and beneath their 20 day simple moving average. Top 10 Stocks (above $10) most extended above their 20 day…
Adam Hewison released a brief info-movie today showing some of the recent proprietary trading signals in the crude oil market – starting with a sell signal and moving to a recent buy signal. The video asks “Is the Move in Crude Oil Over” and can be viewed from the previous link. What interesting is that…
Martin Pring, one of the most well-known and respected market technicians of our time, recently published a brief quarterly report which outlined his case for renewed, current optimism on the US Equity Market. Entitled “Time to be Bullish” (link opens as a .pdf file), Martin outlines the four major reasons why he believes – from…
The MoneyChimp website offers a simple inflation calculator and brief description of the Federal Reserve’s role in combating inflation – the site is worth a look as well. Inflation is the hidden burden that decreases buying power over time; as such, it’s important to know what the current rate of inflation is and how it…
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…
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…
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…
In classic nature, oil stocks led the recent oil price decline, further giving clues that oil prices were in for a correction of some sorts. Let’s take a look at Exxon-Mobil (XOM) and Chevron Corp (CVX) and the recent price of Crude Oil Exxon-Mobil (XOM): XOM peaked at $95 per share (closing price) in early…