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Corey’s Price Principles Webinar Now Available to View

I’m pleased to announce that Tim Bourquin has posted the full video of Tuesday’s webinar “Price Principles to Enhance Your Trading Edge in Any Market” at his TraderInterviews.com website. You may click on the image or the following link to view the presentation in its entirety without registration. Once at TraderInterviews.com, Click play (on the…

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MultiDay Check on SP500 Market Internals on Jan 6

It’s time for another check-up on intraday market internals in the S&P 500! Market Internals – looking under the hood of the market – can help warn (foreshadow) turns in price in advance. As such, it is important to keep tabs on key market internals as an intraday trader, or even for a swing trader.

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A Look at the Yield Curve at Market Tops and Bottoms

Let’s take a quick look at the current “Yield Curve” courtesy of StockCharts.com’s “Dynamic Yield Curve Tool” and then compare this curve to the market peak in 2007 and the market bottom in 2003 – you might be surprised.

Remember, the Federal Reserve can ‘set’ short-term rates by altering overnight interest rates, but the economy generally sets the yield at the longer end of the curve, such as the 20 and 30 year yields, which are much less volatile than 3-month or 1-year rates.

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Long Term Monthly Fibonacci Levels to Watch in the NASDAQ

Per a reader’s comment, I wanted to show a quick reference grid of the NASDAQ Index stretching back to the 2000 peak above 5,000 and show three dominant Fibonacci Grids to watch as price moves into the future.

Let’s see the 10-year grid, starting with the 2000 high and stretching to the 2002 low.

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A Look at the Recent Fall in Potash POT Dec 20

Potash (POT) is a stock I like to follow, mainly because it received so much attention as it rallied non-stop (almost) from 2006 at $30 per share to the mid-October 2008 peak of $240. The stock is well-beneath these lows now, but it looked like the stock was coming back to life.

The recent downswing last Thursday and Friday brought that into question. Let’s take a look at Potash’s weekly and daily chart and note key levels to watch going forward.

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Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes

With a major trend shift potentially occurring in both the US Dollar Index and the Euro Index – both inversely correlated – let’s take a look at both of these currency indexes and observe their multi-month positive momentum divergences along with a likely Elliott Wave count.

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Updated Gann Fan Grid of the SP500 Dec 18

In following up on last night’s post on the “Gann Fan and Volume Update on the S&P 500,” I wanted to show a quick updated “Gann Fan” Grid of the S&P 500 – it’s also showing a critical level to watch at the 1,120 level which is – as we all know – a major inflection point in the market. Let’s take a look.

Sector Performance from January and July 2009 to December

With 2009 racing to a quick close, I thought it would be good to step back and take a reference at both the percentage performance of the S&P 500 and top AMEX Sector SPDRs beginning with January 1st and then the July 2009 lows to early December. It’s a picture of sector strength for sure – but let’s look a bit closer.