The Hybrid, Swing and MiniSwing
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When one watches as many instruments as I do, on choppy end of month-end of week days such as the one we saw last Friday, one can go a bit mad analyzing the divergences and reason on why this one …
Looks like the market is singing Stairway to Heaven-but the temptation to use the stairway up, elevator downphrase is way too tempting so instead I will write, day 3 of follow through in the S&P 500 breakaway gap pattern!
Isn’t …
Trade Selection Getting Even Pickier
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S&P 500 confirmed the breakaway gap with a relatively healthy digestion day-shown perfectly with a doji candle if you are a fan of Japanese Candlesticks. That’s SPY.
NASDAQ, not to scare anyone, could have posted a reversal candle only the …
Lose small win big is the design of our plan
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Last breakaway gap in the S&P 500 was back in April 2013, which was good for a rally that lasted the following 14 trading days until a textbook reversal candle ended the fun.
Tuesday, we saw another potential breakaway gap …
Looking now for specific setups long and short
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An incredibly orderly and logical (almost transparent) conclusion to last week. NASDAQ achieved distance from the 50 DMA, The Russell 2000s cleared the 200 DMA, and the S&P 500 closed on new highs!
Of course the week ended well on …
I began this week thinking that investors would be satisfied by the end of this week if NASDAQ put some distance between it and the 50 DMA and the small caps cleared the 200 DMA (or at least looks like …