Here are this week’s “Top 8″ Editor’s Picks from the NewsFlashr Business Blog aggregator site. Andrew Horowitz of the Disciplined Investor shares some thoughts on the recent market action and then takes a peek at what might be in store for the week ahead. From Peridot Capitalist, a lengthy post entitled “Buy and Hold Doesn’t…
Yesterday, May 21st offered an excellent opportunity to demonstrate how multiple confluences of non-correlated methods can lead to powerful intraday turning points – in this case, the absolute price low of the day. Let’s take a look at how we could have known with a high degree of confidence (but not certainty) that $88.25 was the absolute pivot low that preceded a powerful rally in the SPY (and similar structure to the QQQQ and DIA ETFs).
The deeper I get into the Elliott Wave method, the more I am impressed with how frequent its patters show up across all timeframes almost identical to the teachings of Ralph Elliott 70 years ago. Let’s take a look at a perfect Elliott Wave pattern – complete with ideal fractal waves – on the intraday SPY for May 20 and 21.
What does Kris Allen’s ‘upset’ victory over Adam Lambert on the finals of American Idol have to do with the Stock Market, Trading, and Contrary Opinion? A lot – read on to find out more.
Just as I was about to post an update on the Gold Market and the subsequent recent breakout, Adam Hewison also released a video update which I’ll add to this update.
I wanted to highlight a key structural point that many traders might have missed when evaluating this morning’s gap in the stock market. Let’s learn a quick lesson on market internals as sources of confirmation.
With Wednesday being the midpoint of the week, let’s take a look at the current structure of the S&P 500 Index from a technical perspective to see where we are and where we might be heading.
Andrew Horowitz of the Disciplined Investor Podcast series just posted an interview with commoditity trading wizard Dennis Gartman that I wanted to highlight to you. Entitled “Dennis Gartman is Investing in…. (page link)” (click this link to listen in iTunes), Andrew and Dennis discuss his current take on broad commodities as well as a discussion…
Wow – what a trend day up for Monday May 18th. Let’s look inside the intraday structure and try to learn some lessons from today’s Type III Trend Day action.
Entitled “Battle of the Titans – Apple vs RIMM,” Adam takes a moment to discuss the Blackberry vs the iPhone, then moves into discussing their charts (along with relative strength), and finally discusses a possible “Pairs Trading” strategy