Admittedly, Friday took us by surprise. We began with a negative bias, but even when it became obvious that the market would firm, we stood by. The 200 daily moving averages remain intact. Although volume was light, the broader market …
With the end of the week here, a lot of traders do not know which way is up or down. Our trading plan worked beautifully. Long Monday, add Tuesday, take profits Wednesday, more on Thursday, stops on balances-and short a …
Going Parabolic and Daytrading Strategies
…
Everyone go to your calendars and remove last Friday from it. That 280 point drop was cancelled by today's 286 point rally. And so we have been saying here at Marketgauge-long term bull trend intact, short term bearish until further …
You are making money. Now what?
…
Monday, Emini S&Pcontinuous contract @ES, closed above the 200 DMA. Tuesday, S&P 500 (SPY) did on low volume. DOW (DIA) and Russell 2000 (IWM) did not and still have a distance to go to test it. NASDAQ 100 (QQQ) is …
Always important, even more so during in-between phases
…
The Emini S&P continuous contract@ES, closed above the 200 DMA. S&P 500(SPY), DOW (DIA) and Russell 2000(IWM) did not. NASDAQ 100 (QQQ) held the 200 DMA and continues to look like our best bet to watch for next direction-lead or …
Keep those itchy buy fingers at your sides for now
…
All indices except NASDAQ 100 (QQQ) changed phases from strong warning to distribution. We like a 2 day confirmation of phase changes, but more importantly is the break beneath the 200 DMA. Is it possible for this week to bring …