How to adjust stops and entries using the one day pivots in conjunction with the FTP
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The initial weakness in the day certainly no surprise, but the real question is whether the end of day rally and hammer candle left in S&P 500, NASDAQ and the DOW is a reversal with more upside to come given …
This is when we stick to Nuggets
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With all indexes in weak warning phases (exception is Russell 2000 which is in a strong warning phase), unless market bounces back above the 50 DMA, perhaps the recent rally and subsequent failure sealed the fate for a top in …
If it walks like a duck and talks like a duck...
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As I expected, the employment news was not good on Friday, and it pushed the markets lower right into the close. The relatively steep, back-to-back down days has put the markets back in precarious position technically. Many stocks and indexes …
Today, Thursday, was another example of how a good gap down is the often the best way to prevent a down day. As you may recall the market did NOT gap down, and that's exactly my point from yesterday. Today, …
How to play the day before a big report
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There's nothing better to ferret out the resolve for the bulls and frustrate the bears than a divergent gap down in the major indexes. The divergence was the fact that the QQQ and IWM gapped below their prior day low …