Wednesday brings us another quick update of the “Indicators the Disciplined Investor is Watching” from Andrew Horowitz. The February 16th update is entitled, “Bullish Signals for Metals” and includes a quick overview of key index charts to watch. The above charts are a sample of the report, and clicking the image will link you to…
I wanted to do a quick update showing the key resistance level at 1,100 that either will hold as an overhead sell signal, or break as buyers continue pushing prices higher, triggering a “popped stops” rally if they can move the index above 1,100.
I wanted to create a stable archive of the “Best Posts of 2009” from an educational and reference perspective, and without further delay, here are the selected best posts from Afraid to Trade of 2009! This will be the first of a series of mini-archives which will focus on trading strategies and research. Remember, I…
There are converging trendlines evident on the daily chart of gold, and I thought that structure would be worth a closer look.
Here is a quick ‘chart view’ of Gold’s daily ‘triangle:’
If you feel like the market is in Déjà Vu mode intraday, rest assured that you are picking up on a repeating pattern so far over the last three trading days, particularly for intraday traders.
Today’s “Technician’s Edge” post at GreenFaucet.com is entitled “Sector Return Model Year-to-Date Shows Strange Behavior in Utilities XLU,” which not only looks at the 2010 returns so far from the Sector Rotation Model, but at the current daily chart of the XLU Utilities Sector SPDR. Here is a chart of the current Year-to-Date Sector Returns…
Let’s step inside the recent retracement rally and view the current state of the three key “Market Internals” and what clues those internals are revealing.
I always enjoy showing clear examples of trading concepts such as divergences, and today gave two solid examples of the dual Momentum and TICK divergences preceding intraday price reversals.
In fact, the absolute low and high of the session was formed with such a dual divergence.
For the last couple of months, I’ve been receiving the StockTwits.com “Daily Goodness” morning newsletter and I wanted to share the link for that for traders who follow Twitter and enjoy quick morning summaries emailed to your inbox. Here’s an image from yesterday’s morning update: (Clicking on the image takes you to the sign-up page…
There’s been a few posts recently connecting the Dow Jones index of 1929/1930 (crash and recovery) to that of today, and I wanted to share a link to the most recent video update by Adam Hewison who takes it one step farther than I have in my update posts on the comparison. Entitled “Dow 1929…