Intra-day Volume
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Now 5th Accumulation day in volume in QQQ. It also tested the 200 DMA and held. SPY managed an accumulation as well and since Friday, with an upward sloping moving average and overbought corrections, signaled the correction was coming, although …
When going gets tough, rules even more important
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The QQQ worked off an overbought condition on a 2-day RSI and dropped on very light volume. No distribution day, thereby keeping the 4 accumulation days of volume over the last 2 weeks intact, with an upward sloping 50 DMA …
Entries are easy, but the stops and sizing are key
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The QQQ is now positively stacked and sloped on the 10, 20 and 50-day moving averages. Plus it's over the 200-day MA and the high of the last 2 months of consolidation. In short, its trend has turned up and …
Slope in the 50 Day Moving Average in SPY finally turned positive just as the 2-Day RSI closes in on overbought. QQQ cleared the summer/fall range, posted a fourth accumulation day in volume and has gone beyond overbought on the …
I could just say, today's answer is in the 9/20 "Advanced Pivot Patterns" training video.
In the 9/20 video (available to subs only) I reveal the same patterns that exists in all but the Q's after Thursday's trading. The current …
Overall, if this was a correction, not too severe, especially considering how well AAPL AMZN CELGand IBM did-3 leaders. Of course, lots of small tech stocks rallied, but look at what needed to lead and did-SMH, XLK, IBB. And look …
Even if trade loses, idea is when right, make way more
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