A Midday Check of Market Internals and Structure Sep 11
Let’s take a quick mid-afternoon look at the current market using the SPY (S&P 500) as our proxy – noting the chart structure and internals as captured at 1:30 EST on September 11th.
Opportunities from Popped Stops Intraday
In following up on a prior post entitled “What Happens when Key Resistance is Broken?” – I thought today’s intraday price activity gave us another excellent example of the “Stop-Pop” Technique and lessons on how to profit from pockets of known stop-losses being ripped from the market. Let’s look:
Sector Performance Insights from the July Lows
Let’s try to glean some insights from the “Sector Rotation” model as we look at both absolute and relative (to the S&P 500) AMEX Sector SPDR returns of the 9 major sector ETFs – paying special attention to the “Offensive” and “Defensive” Groups.
New 47 Page eBook Download on Spotting Trading Opportunities
The folks at Club Elliott Wave International (Robert Prechter’s site) released what I think is a very generous limited time free download of a 47-page e-book simply entitled “How to Spot Trading Opportunities” that I wanted to share with you – it’s not just for those interested in Elliott Wave but for much broader traders.
Weekly View of Apple AAPL Shows Volume Disconfirm
A reader asked me to take a look at Apple (AAPL), and I had to highlight the weekly timeframe volume divergence that has been developing off the price lows all through the current strong rally. Let’s take a quick look at Apple’s (AAPL) weekly and daily stock charts.
Midday Check of Market Internals Sep 9
As we head into the lunch hour on September 9th with a strong market rally underway, let’s take a look at the major market internals as viewed from custom screens in TradeStation:
Fresh 2009 Highs for India NIFTY into Resistance
India’s “Nifty 50” Stock Market Index (symbol $CNXN in StockCharts.com) broke to a new 2009 high today, but before we get too bullish, let’s take a look at what bulls need to overcome to keep the rally going – hint… Fibonacci and a Rising Wedge.
Hewison Video Update and Projection in Gold
Adam Hewison released an update video last week on Gold as prices broke out of the triangle as I have mentioned here on the blog on the same day. Sometimes it helps to have a video overview and a different perspective on the patterns, and I always enjoy Adam’s perspective. His new video is entitled,…
Sept 8 Major Morning Activity in Dollar Index and Crude Oil
I wanted to do a quick mid-morning update on a large move in both the @DX (Dollar Index Futures) and @CL (Crude Oil Futures) as there has been some interesting movement in both.
NewsFlashr Editor Picks for Labor Day 2009
It’s time for a holiday weekend edition of the NewsFlashr Business Blog Editor’s Picks for Labor Day 2009! (First Labor Day “parade” – New York, 1882 – source “Wikipedia Labor Day“) 1. Dr. Steenbarger of Trader Feed published a string of posts on System/Discretionary Trading that give traders something to study: Developing a Trading System…