What will you do if the market gaps below today’s low?
I don’t have any reason to believe it will happen, but it could. And if it did, would you know what to do? You should.
The markets have moved …
Ok, so when I said the markets would have to get above R1 to be bullish, I was not anticipating they would all gap open above R1!
Despite all the excitement in price action the volume was incredibly light. This …
Chairman Bernanke got the markets rocking on Friday, but and we had a great day in the room with some movers like AAPL, GLD , SINA, and PANL. The chairman’s speech was much anticipated and resulted in a very common …
We're about to begin the last week in August which is usually one of the thinnest trading periods of the year. Add to that the fact that tomorrow is a Friday and I'd plan on a very thin trading day. …
All 4 market watch charts had a pattern that should not have surprised anyone. After the strong prior day they corrected in an orderly way into the prior day’s range then rallied back to the high of the day.
The …
Yesterday's focus list said that after 2 days of compression we should expect a good trend day. Well, we got it. And you need only to look at.
After a good range day you can really focus on trader pivots …
Very light volume. Inside days in QQQ and DIA, and very close to inside days in IWM and SPY. If you look at the 60-min chart in the SPY you’ll find that the first hour of trading last Thursday has …
In the training video dated 8/18, "Resistance to Sell Against", I highlighted the importance of the August 9th lows as resistance for and stock that had traded below it on Thursday. Examples of how this played out to be true …
It was a very ugly day, and in the direction of the main trend. Volume, all things considered was not that big. I’m not sure that there is too much to be read into the volume not being extraordinary, but …
If I had written this last night as intended I would have focussed on the fact that the last 2 days have been consolidation days which means the market could easily have a big move in either direction. As I …