Daytrading and Tight Stops Safest
…
"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
…
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
…
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
…
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
…