Mish at “Mish’s Global Economic Trend Analysis” (an excellent site) recently detailed for us the “Ten Bear Market Phases” which is certainly worth a read and further study – or memorization. I’ve been wanting to articulate something similar to these phases, but I tip my hat to Mish for compiling such a great and informative…
Knowing the Average True Range (ATR) value of a stock for a given period can be immensely helpful for you in developing trading candidates and risk-management strategies. What are the Top Ten and Bottom Ten ATR values for stocks in the S&P 500 Index? The Average True Range Indicator tells us the ‘average’ price movement…
The Dow Jones Industrial Index completed a large-scale “measured move” pattern last week, which culminated with a large momentum bounce (confirmed counter-trend rally) which led us to this week’s action, which found resistance and is retracing part of the counterswing move. If all that sounds confusing, let’s look at the charts. Dow Jones Weekly Chart:…
Today’s action gave us yet another “Trend Day,” but it wasn’t your typical trend day for the broader market. Let’s look at the charts and see what we can learn from the price action. DIA 5-min chart: Why was today’s action atypical of a trend day in the indexes? We lacked a large (or significant)…
Gold prices corrected sharply this week, breaking an upward swing and ‘breakout trade’ pathway, falling just shy of its estimated $1,000 target from the recent triangle breakout pattern. Gold prices (per ounce) daily: There are certainly a couple of ways to draw this triangle (is it ascending? does the trendline start at the March $1,000…
The MoneyChimp website offers a simple inflation calculator and brief description of the Federal Reserve’s role in combating inflation – the site is worth a look as well. Inflation is the hidden burden that decreases buying power over time; as such, it’s important to know what the current rate of inflation is and how it…
Are great traders born, or can they learn the skills? Is it Nature (in-born) or Nurture (learned)? INO TV has released a video of Russell Sands, an original famed “Turtle Trader” discuss his experience as a turtle and his thoughts on the matter. Entitled “I am a Turtle,” Sands discusses what he learned and provides…
There’s so much to be said about Apple’s (AAPL) intraday performance today. From the 10% gap down to a rally to close the day off just over 2%, Apple traders were in for an amazing ride. Let’s look at the intraday and daily chart to see where this leaves us. AAPL 5-min: The bulls truly…
TechnicalTrades.net offers traders an Equity Curve Generator algorithm/program for you to input parameters into the formula and randomly simulate outcomes that could be representative of your trading system. Generally, the success or failure of a trader is due to study of the overall system they have developed personally, and diligent application of that system in…
The author of the blog “Gaming the Market” informed me that his blog has moved and I wanted to provide the link to his excellent and developing blog. “Gaming the Market” provides excellent analysis and detailed posting on information relating to the popular topic of “gaming the market.” So far, the author has addressed short-selling,…