Last week was a runaway win for the bulls, thanks to the Federal Reserve’s decision to drop interest rates by 50 basis points. Let’s zero-in on the charts and see what the current technical picture of the market tells us: Dow – Daily Volume was higher than exactly a month ago – a good sign…
The Tyro Trader has been posting a series of articles that detail specific types of trade set-ups from Michael Taylor. These posts detail the description, market condition, entry, exit, stop-loss placement, dangers, and – of course – examples of the following set-ups: Breakout Trades Gap Close (I refer to them on here as “Gap Fades”)…
We often become conditioned by our experiences to ‘fear’ or avoid certain things and to gravitate to, or favor other things. The process of conditioning occurs deep within us, and sometimes conditioning occurs with such subtlety, that we may be unaware of the effects of our environment (or situations) on our behavior and perception. Without…
The past week was positive for the market, in terms of percentage gains. We saw the Dow Jones Index increase just over 2% for the week, with four up-price days and only one down-price day. The technical picture of the major indexes show rangebound conditions, yet a major impetus is on the horizon – Tuesday…
The Dow Jones ETF – the Diamonds (DIA) – and broad market completed an amazing “Fade the Gap” trade with few if any ‘hiccups’ along the way. It’s worth viewing for further study and reference: The gap close target also corresponded with the daily pivot point, providing an excellent target. What happens afterwards is beyond…
Reader Glyn recently asked me to give my thoughts on the technical picture of a few stocks he is watching, including whether or not a possible triple top is forming in some of these candidates. The stocks are Amazon (AMZN), IBM (IBM), Best Buy (BBY), and the China ETF (FXI): Amazon.com Inc: Observations: Double Top…
Let’s take a quick look at the current position of the Major US Indexes: The Dow Jones: Dow just a hair above the 20 and 50 period EMA Dow just a hair above two converging trendlines Dow above a frequently tested ‘line’ that has served mostly as support Position of the 20 and 50 period…
I hope everyone has a great Labor Day holiday weekend and took some time to cool down after the rampant volatility we have been experiencing in the market. To guide your thinking and get you back into the game, look for yourself at the broad picture, and I will help you focus on potential ideas…
This week brought new emphasis on the Stock Market from the broader community, as both the President and Federal Reserve Chairman made sweeping speeches underscoring their concern for falling stock prices on Wall Street. While Bernake’s speech was not as reaffirming as Wall Street would have anticipated, traders were encouraged that the Federal Reserve is…
Craig at Swing-Trade-Stocks.com is offering a possibly unprecedented opportunity for traders of all experience levels. He invites all traders to submit strategies, tips, tricks, and experiences so that they can be meshed together into a larger e-book on trading that will be offered free of charge in the future. What’s more is that future readers…