Dollar Index Weekly Chart Update for Sept 16
Let’s take a look at the US Dollar Index, which has broken Fibonacci support and could be falling off a cliff from this point.
A Look at End of Day Market Internals Sept 15
Earlier this afternoon, I posted a standard “Mid-Day Check of Market Internals” which suggested that market internals were giving an edge to the upside (for higher prices yet to come). Let’s take a look at the end of day internals to see how the Breadth and Volume Internals – along with the TICK – tracked price all day in the SPY.
Midday Check on Market Internals for Sept 15
Let’s take a quick look at the current (12:00 EST) market structure and market internals, using the SPY as our proxy.
Robert Prechter’s Five Tips on Trading Successfully
I’ve read these tips from Mr. Robert Prechter (of Elliott Wave Internation) previously, but here are five quick tips he succinctly shares with students and readers:
1. Have a method to trade.
2. Have the discipline to follow your method.
3. Get real trading experience, instead of only trading on paper.
4. Have the mental fortitude to accept the fact that losses are part of the game.
5. Have the mental fortitude to accept huge gains.
Great Bear Flag SPY Example but No Time to Act
I wanted to highlight a strange conundrum that sometimes happens with classic technical analysis price patterns. Let’s take a look at a predicted “Bear Flag” pattern described on Friday that hit its target immediately upon this morning’s market open.
Doji Sell Signal and Nonconfirmations in Dow Jones
I wanted to start the week by looking at the Dow Jones Industrial Average ($INDU) and noting a “doji sell signal” that has formed after a week-long rally that has formed negative volume, breadth, and momentum divergences.
NewsFlashr Business Blog Update for September 13
Let’s take a weekend look at the Editor’s Picks for the current “NewsFlashr Business Blog” section: 1. From Mish’s Global Economic Analysis, we have “Five Points on the Market, Earnings, and the Economy.” 2. From Dr. Brett Steenbarger of TraderFeed, two posts entitled: The Importance of Happiness Three Negative Patterns of Self-Talk and How to…
What Has the VIX Been Doing on its Weekly and Daily Charts
Let’s take a quick weekend look at the Weekly and Daily chart of the VIX to see where the VIX (Volatility Index) has traveled and the potential support level it is testing right now.
A Weekly and Monthly Look at the NASDAQ finds Resistance
Let’s take a look at the current long-term Monthly and Weekly structure of the NASDAQ index to note key levels of overhead resistance which, if broken, will open clear skies ahead for price.
New Article on The Importance of Trade Execution Tactics
I recently had an article published at the large TradingMarkets.com website that I wanted to share the link and some excerpts with you. The article is entitled “The Importance of Trade Execution Tactics,” and in the article I cover how making small enhancements to your trade entry strategies can add up to hundreds if not…