“The 3rd time the SPY sees the 50 DMA won’t be a charm theory” What I have been tweeting and writing about, came to fruition big time with the gap lower and nary a bounce intraday with the eventual close …
Time to examine new short setups and instrument that could go counter
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So what happened? The FED said they would not take away the bond buying program until theunemployment numbers drop to 6.5%. They also said the economy is improving and that they could start to taper the easing in 2014. Then, …
All depending upon the next monetary policy mixed with technical factors
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Welcome to the continuation of the pre-Federal Reserve Meeting Week! After Monday’s action which began by exhibiting characteristics of a split personality, Tuesday the patient clearly visited a therapist and found some sanity with rates dropping some and the market …
Yet another review of the 80 monthly moving average, phase changes and slingshots
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Welcome to pre-Federal Reserve Meeting Week! Monday’s action begins exhibiting characteristics of a split personality. On the one hand there’s the gap higher over fast moving averages with the Dow closing up 109 which suggests that Ben and the boys/girls …
Using the setups I've been reviewing, how to distinguish the timeframe of your trades
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Prepared by Matt Mullins, MarketGauge Trader, filling in for Mish for Until Monday.
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After yesterday’s impressive rally over the 10 DMA in three of the four major indices, Friday was spent digesting these higher levels. The 50 day …
After yesterday’s drop to the 50 day simple moving average, the bell rung this morning in a very uncertain environment. All eyes were on the 50 DMA, as we asked ourselves “Is the fifty going to hold and make a …