Rallies met with selling do not bottoms make. On the other hand, after all the awful news this week, market continues to hold the last swing lows. And so May ends-indecisive with mixed internals. Tough trading yet great learning for …
Use of the 5 Minute Opening Range
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Tuesday turned out to be a rally to resistance which was a concern but clearly not a certainty until Wednesday U.S. traders awoke to the big gap lower. So what happens now? Since the rally did nothing to abate the …
Also-Tips on Which Stocks to Watch for Possible Longs
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After inside days and a long weekend, good start to market with the gap higher, a gap which held throughout the day. One could also say that the possible basing action is now more probable, with a move to test …
If following rules and they don't work, that's when position sizing and risk become tantamount
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The market managed to close out the week as crystal unclear. Is it basing at important support levels? Will the recent support turn into resistance? Naturally and not unexpectedly, 3 out of 4 indices had inside days on Friday.
S&P …
Good basing action in the market with anticipation that Friday, ahead of a holiday, could be quiet. The indexes are testing the fast moving averages. I would not be so bold to say the worst is over, but at least …
The space between a bottom and a failure-both possible
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You know what kept us from going short?AAPL! Yup. That had an inside day and seeing as that and theRetail ETF (XRT) never broke those key previous day lows, we figured we rather miss the selloff and wait to see …