I describe the market action before the opening bell and after the close and discuss set-ups for the next day.
I almost let this bit of news slip me by! The NASDAQ Index crested above its June high today, creating a fresh new high for 2009. As strength in the Technology Index can foreshadow strength in the broader market, this is definitely worth a second look. Without going into too much detail, I mainly wanted…
Many traders might be missing the recent breakout in motorcycle retailer Harley Davidson (HOG). Let’s take a look at Harley Davidson’s chart past and see the recent price breakout which resembles a flag formation.
Here is this week’s “Editor’s Picks” from the NewsFlashr Business/Investing Blog section! Dr. Steenbarger of TraderFeed shares his insights on the “Three Mistakes [he] Sees Most Traders Making.” Are you making one of them? Trader’s Narrative shares graphs and thoughts on the 18 Year Stock and Commodity Market Cycles. The Disciplined Investor interviews Frank Curzio…
I’ve tended to focus a lot of my analysis on the S&P 500, but let’s take a step back to look at the Dow Jones Index for possible clues and an interesting pattern that *could* be forming on the daily chart.
While I typically look at the US Dollar Index, the best way to measure up the strength of the Dollar is in relationship to specific currencies, instead of the basket index. In his most recent video, Adam Hewison takes a look at the longer-term relationship and price structure of the Dollar-Yen FOREX Cross (USD-JPY) and…
Bulls managed to defend the 875 level both last week and Monday morning, which is an absolutely CRITICAL level for them to hold – a solid close beneath that level will trigger a massive sell signal… but we’re not there yet.
Price bounced off the ‘demarcation line’ of 875 as well as the 200 day SMA and last weeks’ “Tri-Star” doji pattern. Let’s see it all.
This Wednesday July 15th at 4:30 EST, 3:30 CST, I will be presenting a Webinar entitled “Best Trades Using Structure, TICK, and Momentum Insights” which is sponsored by FuturePath Trading (www.futurepathtrading.com) and Linda Bradford Raschke (www.lbrgroup.com). I will begin with explaining the principle “Momentum Precedes Price” and describe how the *concept* of momentum impulses can…
This is something I haven’t heard anywhere else yet – with everyone focused on the S&P 500 Head and Shoulders, people have let this fact slip them by: The NASDAQ Index is coming into confluence resistance via the 200 month SMA and the 38.2% Fibonacci Retracement. Let’s take a look:
The fall in Crude Oil from the recent $73 highs has been relentless! We’re down again Friday morning before market open – let’s take a look at the 30-minute internal structure to see what’s going on and what might be in the cards.
I wanted to show a chart of some of the better trading opportunities that presented themselves during today’s intraday trading, so as to serve as a reference to see more examples of these trades and patterns. Here’s today’s structure (Rounded Reversal) that offered a limited number of good set-ups.