Granted – to be a “Perfect” Trend Day, I would have liked to have seen a strong opening gap to the upside (instead of an intial push down) but after that push completed and price broke back above the intraday EMAs, then the remaining action could be validly described as “The Most Perfect Trend Day…
What happened directly after the Dow Jones Index completed its 5-Wave downwards pattern from 1937 – 1938? And might the same thing unfold in today’s market? Let’s take a look. We had an ABC Up retracement that lasted about seven months that resulted in a 62% gain for the Dow Jones. It also took prices…
I wanted to call your attention to an article in US News and World Reports by Rick Newman that lists 15 Companies that Might Not Survive 2009. To me, it’s a scary list because many of the companies are not obscure, “never heard of them” names, but commonplace businesses, some of which have national reach….
Here’s the latest update from me as the Editor of the NewsFlashr Business Blog “Editor’s Choice” page. Barry Ritholtz provides us with a graph detailing the main Sectors in the S&P 500 and notes their performance in January. Worst January Ever. Also, he summarizes an article from Reinhart and Rogoff that states to “Expect a…
Just an administrative note, we’re upgrading servers at Afraid to Trade.com as I’ve outgrown my current plan and am transferring the site to the new server upgrade which is complete. I’m sorry if you experienced an error page today. This will allow me to spread my wings more and provide better service to readers. If…
Orlando is host to the Money Show from February 4th to 7th 2009 and I will be there socializing and interacting and I would love to meet readers and fellow bloggers who will be attending there as well. You can find all the details about The World Money Show from their website as to the…
The market gave us another “Trend Day Down” structure Monday – let’s take a look inside the DIA 5-min chart structure to see choice trading opportunities within the swift down-current that was so pervasive all day. DIA 5-min Chart: As volatility begins to pick back up in the marketplace and a clear direction emerges –…
Here’s a list of posts selected from the NewsFlashr Business Blog section which I wanted to highlight as the weekend draws to a close. Dr. Brett Steenbarger begins volume 1 of the “Best of Trader Feed” posts focusing on psychology… stay tuned for additional volumes: Trading and Market Psychology: The Best of 2008 Charles Kirk…
I’m happy to announce that the NewsFlashr site – particularly the Business Blogs section – has launched a new feature entitled “Editor’s Picks.” I’m also honored to announce that creator Gal Arav has asked me to be the section’s first editor! We have assembled a companion site entitled “NewsFlashr Business Blog Picks” that serves as…
While browsing through charts this evening, I came across a significant development in Caterpillar (CAT) that might be worth your attention. We have strong support on the daily chart and possible resistance overhead on the weekly chart – which one will break? Let’s look at these developments. Caterpillar (CAT) Daily: Without going into complex technicals,…