Hard to look at more scary candles or a market that makes new highs then closes on its lows. It's hard not to view a lower close as the end of days. But, stepping back, there has been incongruity with …
Chandeliers and Fast Moving Averages-Both Valid
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S&P 500 (SPY) Still very low volume which means the blow off rally has not happened yet. Subs-OR reversals now would be a gift.
NASDAQ (QQQ) Another low volume day with lots of traders aside. Not sure I would be …
Guidelines and Adjustments to Current Market Conditions
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There is an online game called Rotate and Roll. Trading ain't no game, but clearly readiness to rotate and roll are good skills to hone.
S&P 500 (SPY) Closed just at the May 2011 high at 137.18 with an Accumulation …
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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