I thought it would be benficial to share two perspectives on the recent news and stock market price action in Apple Inc (AAPL) and what it might mean for the future. First, Jim Goldman at CNBC Tech Check in his article “Apple: The Day After” writes the following: “Investors can be a quirky bunch, especially…
Earlier, I’ve been revealing results of my recent studies into the relationship of fixed stop-losses and fixed profit targets, and how the affected win rate. Now it’s time to see what the effects were on Net Profitability! Revisit the previous posts for full study details: Revisiting Stop-Loss and Profit Target Affect on Win Rate Does…
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…
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…
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…
The US Dollar Index staged an impressive rally on the daily charts, but is currently failing to surmount resistance via the strong 20 period moving average on the weekly chart. Notice how the falling 20 period moving average (exponential) has served significantly as overhead resistance, thwarting any rallies ever since late 2006. Price recently tested…
Crude Oil tapped above $124 intraday today, marking yet another new record high for the crucial commodity. Is there a potential way to analyze and trade this development with Market Club’s Trade Triangle Technology? Adam Hewison today released a new brief info-movie for your benefit. I thought it was funny that he described crude oil…
With my new Excel function, I’m able to go back and scan any type of gap and examine whether or not it filled or not. Let’s look quickly at large index gaps and see the odds of those filling. I tested the DIA (Dow Jones ETF) and looked at a variety of gap sizes from…
With May 1st upon us, it’s time to look at the number of overnight gaps and gap fills in the DIA (Dow Jones ETF) for the month of April. I am testing for overnight price changes greater than $0.20 (20 Dow points) in the ETF. Of the 22 trading days in April, 14 resulted in…
Rectangle consolidation patterns can lead to amazing profits and are relatively easy to recognize on a chart. Let’s learn more about this chart pattern. Eaton Corp (ETN) recently broke out of a rectangle consolidation pattern, which gives us an example of how we could trade such chart patterns. Sears Holding (SHLD) broke a long-term rectangle…