Looking at the S & P 500 (SPY) chart, the important number to hold is the upwardly sloping 50 DMA at 122.73. That would keep the island bottom and phase intact. Furthermore, the 80 monthly moving average comes in right …
Daytrading and Tight Stops Safest
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"Sarkozy smiling as he leaves the EU meeting." Twitter entry last Friday. He must have known that NASDQ would end the week with a Golden Cross and its 4th Accumulation Day in volume. Now, everything is lined up-the moving averages, …
And just like that, no more overbought conditions in the indexes! While the EU dance around with one another, let's look at my favorite indicators:
SPY: Bye bye 200 DMA for now. Hello the Exponential Moving Average. No change of …
How I use it as another layer to determine featured pick v. Honorable Mention
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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 …