No seriously, last February 2nd was an inside day in S&P 500 and so was today?? I mentioned the Groundhog Day theory more in jest last night but with history repeating itself so handily; perhaps it's worth rewriting what ensued …
Establishing swings on strength and weakness
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We did not have to wait very long for the answer to last night's question after the Golden Cross-digestion and rally or game over? We love instant gratification, especially when positioned on the right side of the trend. Tomorrow the …
How to use HotScans to find trades
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Now that there is the official Golden Cross in the S&P 500 (SPY), we also have to note the two distribution days in volume (a lower close on higher volume than on the preceding day). Furthermore, the volume is light-below …
Without guidelines, like trading blind
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Seems the market forgot to have its morning cup of joe since it began weak and then proceeded to drift higher with no real gusto. No bloodbath nor "in your face bears" type rally...milquetoast at best. Neither committed sellers nor …
Another layer with the pivots, reference points and opening range rules
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NASDAQ (QQQ) has a pattern worth paying close attention to. New highs Wednesday, followed by a bearish engulfing pattern on Thursday ending with an inside day on Friday. Volume patterns indicate 4 Accumulation days over the last 2 weeks. Yes, …
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