4 Accumulation Days in volume and a close above the illustrious 200 DMA in S & P 500. Officially overbought on the 2-Day RSI but not on the weekly or monthly. Midcaps (IWM) on the other hand, had a distribution …
Why it's there and how to use it
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Inside day in S & P 500, NASDQ and almost Russells (took out prior day low by a few ticks). Placement of the inside day especially in SPY most fascinating-tickling the 200 Daily Moving Average. Did not do enough correcting …
How to decide when, why and where stops should be
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But wait...bank intervention followed by a review for a downgrade in Europe? New intraday highs followed by new intraday lows. Feeling your strings pulled? S & P 500 dropped her handkerchief in front of the 200 DMA; then when traders …
Guidelines for stops and when to not take the trade long or short
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What truly amazes me is where the S & P 500 (SPY) ended. After the 10th biggest winning week since 1950, you'd think there would be some clarity. But NO! S &P had to close with a crap shoot chart. …
After yesterday, AAPL GOOG BIDU and even AMZN did some catching up with technology (both biotech and computer tech) remaining firm and retail, firm but mixed. Energy took a nap along withtransportation, metals and financials. Unless there is a startling …
Looks like both could be good for end of year rally
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Wow! After a bank downgrade, central banks unite and away we go. Island bottoms, which were confirmed yesterday, now looking like a possible game changer (with a little help from our friends.)
SPY: Great to see volume and a phase …