The day began with the expected continuation of digestion/correction, but ended with a good amount of buying although, the 10/19 high in S&P 500 still looms as resistance. NASDAQ closed above a key support area and the Russell 2000, continues …
Packed with education, all 4 videos this week good for review
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Expectation for correction was right on and now, with resistance at the last swing high in S&P 500 from 10/19 met today along with an ensuing close on the intraday lows, SPY looks more negative in the short term. NASDAQ …
Guidelines with some exceptions on new trades that don't go in your favor
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If there is any doubt that the stuff I write about day in and day out is worthwhile-i.e. phases, volume, price patterns, etc. or at the very least worth a follow, just note the improved phase changes, market internals and …
Plus, how a plan and great picks not to mention a great market is working out
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Looking to follow strength rather than buying weakness was the right advice/strategy as the week begins. We didn't quite see an accumulation in volume in S&P 500, but price action is significant in that it begins our acceleration from the …
How and Why I Use Mine and Share With You
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The week ended with devastating news and our hearts and prayers go out to the families in Connecticut. The week also ended with no resolution to avert a fiscal cliff which was reflected in the 2-day correction. S&P 500 held …
Profit taking certainly dominated the tone of the day. But, one must discern the difference between profit taking and move over. Carefully studying phases, NASDAQ certainly did its part to spook investors on the long side. After the death cross, …