Today's training video for ORSF and DTHS members was about the 60-min time frame because it is so applicable to the current state of the markets. The charts below show the market watch 4 on the 60-min. charts with the …
Monday's Focus list had two main points:
1. Weakness would be bearish because of the clearly defined bearish flag pattern, and
2. If you consider more than just the SPY's, you'll see a much different picture. Both were important today …
I put a lot of weight on the condition of the SPY because the world watches the S&P 500 with a lot of respect. On Friday it closed right on a major inflection point – a bear flag trend line …
I put a lot of weight on the condition of the SPY because the world watches the S&P 500 with a lot of respect. On Friday it closed right on a major inflection point – a bear flag trend line …
Market Consolidation
Here's the plan...
The TLT's and GLD have interesting island tops in place. It they continue lower tomorrow it could indicate a top in so much as the risk on trade is back on pushing stocks higher.
The market watch is getting back …
SPECIAL UPGRADE: Did you know that this Focus List is now automatically updated in your HotScans!
Look in your portfolios section or drop down menu, and you will find portfolios that have names beginning with "1MG_". These portfolios are automatically …
I hope Tuesday will be more helpful in revealing the market's short term direction than Friday. While the main trend is down, the last few weeks have created a wide range consolidation pattern which will likely result in a large …
The last day of summer trading, a three day weekend and a big jobs report all on the same day. Tomorrow. I'm not going to try to call this one.
Purely by the numbers, all 4 market watch...
1. The …
Today was a tough day for day traders because the market traded above its OR and then back below the OR low. This is price action that is typical of a market that needs a rest, and as I highlighted …