Whoomp! (There it Is). New highs in the Dow, S&P 500, neither with any blow-off volume although all had accumulation days (higher volume than the preceding day with a close in the green.) NASDAQ got to 70.00 but still has …
FSLR a textbook illustration of a swing traders dream!
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Whereas the Dow took out the recent highs to close on new highs, the S&P 500 had its highest close on April 2nd, so although it crossed that level on an intraday basis, it failed to close on new highs. …
Using phase and condition changes, current phase and OR Reversals
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Oh happy day if you are bullish, which certainly makes sense even given last week's decline as both the S&P 500 and the Dow never violated the bullish phases. And now, the Russell 2000 cleared the 50 DMA reestablishing the …
Some rules for you to note about fading/following and managing existing positions.
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The week ended with a great divide. Some might say, a Continental Divide! The S&P 500 and the Dow maintained their bullish phases. In fact, the initial gap lower turned out to be a great buy opportunity in multiple instruments. …
A constructive session given some more bad economic data and North Korea in the headlines. Friday's job report, I will venture to speculate, is already factored in for worse rather than unchanged or better. Therefore, the surprise could be on …
Only have to right 25% of the time and still be highly profitable with this strategy
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Ha! When I read back what I wrote last night about John Q. Public, then look at today's action, I realize why the public tends to lose-they get in too late and out too early! But really, the market hates …