Today, the NewsFlashr website – an all in one news search engine – launched a new tool that allows you to search keywords across all headlines. Right now on their homepage (www.newsflashr.com), they show the top eight “hot topics” for world, business, politics, entertainment, sports, in a quick, simple tabular format which allows ease of…
It’s time to see how many gaps were formed and filled through the month of July! July recorded the best performance so far for the ‘gap fill’ strategy – let’s look at the numbers. For these studies, I use the DIA (Dow Jones ETF) and consider a ‘gap’ as being any opening price that is…
There could be a curious inflection in the current price movement of the Commodity Index ($CRB) and the US Dollar Index ($USD), which could make or break the current trends in place. Let’s see what I mean. The US Dollar Index: The US Dollar Index has experienced a lengthy downtrend, has paused, consolidated, formed higher…
The Fed decision and declining oil prices gave us yet another major trend day in the indexes that was more in-line with textbook definitions. What do I mean? Let’s look at the charts. August 5th – DIA 5-minute chart: Generally, two events precede a trend day: 1. Range contraction or some sort of narrow candle…
The broader Biotechnology iShares Index (IBB) has been showing supreme relative strength to the broader stock market, but that doesn’t mean you can buy a random biotech stock and make money – quite the opposite. Even though the index has held up, here are two companies whose stock prices have absolutely plunged overnight, bringing immense…
In good news for the broader economy and US Stock Market, crude oil prices failed a critical test of the crossovers of its key 20 and 50 period moving averages, and now could be headed lower for a support test of its rising 200 day moving average. Let’s see this recent development on the charts:…
High-flying stock Potash (POT) appears to be in a larger-scale distribution pattern on the daily chart and just potentially broke a descending triangle today. Let’s look at this chart for potential price targets should these patterns be valid. Potash Daily: Based on quick analysis, we have lengthy and persistent negative momentum divergences since April, and…
August’s edition of SFO Magazine (Stocks, Futures, and Options) is entitled, “Battered and Bruised – Systems Trading School of Hard Knocks” and is available for your online or at home viewing. If you’ve ever thought about systems trading, or are currently developing an automated or mechanical trading system, this episode was specifically designed for you. …
Earlier, I looked at the top and bottom 10 stocks by average true range and percent of average true range. Now, let’s examine the Top 10 stocks in the S&P 500 extended the greatest distance above and beneath their 20 day simple moving average. Top 10 Stocks (above $10) most extended above their 20 day…
The Dow Jones average appears to be currently in the process of forming a symmetrical triangle at the moment. What does that mean and what might it mean for the future? Dow Jones Daily Chart: We can expect price consolidation following a large volatility move, as we have just witnessed (Dow moving from 13,000 to…