The 30 minute opening range is a great strategy and discipline
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The overall expectation last Friday was for a quiet day. We got it. The DJIA tested and closed just beneath 13,000, which seems more psychologically than technically significant. S&P 500 (SPY) ended with a DOJI candle (opening and closing price …
When Biotechnology (IBB) corrected, Commodities (GLD USO) took the lead. With Commodities still in favor (although ultimately begging for an interest rate hike which could take the kibosh out of this run) Biotechs led the charge again. Other sectors followed …
How the Opening Range Failure and Pivots guide these counter trades in weaker stocks
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Good type of correction to note, especially if new to trading
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Other than a lot of divergence with commodities leading and Biotechnology, Real Estate andTransportation lagging, the overall indexes were rather unremarkable.
S&P 500 (SPY) Closed right around the May 2011 high. Volume on par with Friday. Not too much new-no …
Great for confirmation or no confirmation
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Leading the market analysis with AAPL once again. The giant neither confirmed a possible reversal from last week's blow off run nor negated it, closing right in the middle of uncertainty.
NASDAQ (QQQ) closed with an inside day-indecisive. S&P 500 …
AAPL held the fast moving average, but still has the reversal candle looming and will confirm the reversal if it gaps and closes lower than today's low. Conversely, it will negate it if closes above the body of Wednesday's candle …
Where we may find the next big moves
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