Good news from Europe created a nice expansion day in all 4 market watch charts as well as in the financials, energy and semiconductors. It also eliminated the divergence in the daily market watch charts as I've said could easily …
The European Summit is holding this market hostage. It doesn't take much to move and significantly either way, so just trade by the short-term numbers. By this I mean:
1. OR pattern
2. Pivot stack
3. Floor trader pivot location…
Today was a weaker close than the bulls would like to see - below the prior day's low and S1 in the almost all the key the attempt to breakout - SPY, DIA, QQQ, XLF and KRE. IWM also closed …
Yesterday's post said everything I'd say today. There is a big opportunity between perfect and divergence. Today's move was in line with this condition. The two lagging indexes over the last 5 to 7 days, Q's and IWM, played catch …
Rules to trade by:
Due to the fact that we have a live training session tomorrow (Thurs) I’ll keep this brief.
The market watch 4 all had inside days today and as noted in my last Focus List they have all marked out a …
Due to the fact that we have a live training session tomorrow (Thurs) I’ll keep this brief.
The market watch 4 all had inside days today and as noted in my last Focus List they have all marked out a …
If you follow our rules for determining bias based on pivot stack, S1 and R1, and/or the 3-day pivot along with the opening range, today was a tough day. Don't be discouraged.
The trading room has had a 3 week …
Yesterday I said wait for the signs of a top, and today we've got them. This doesn't mean the markets must go down, but it does mean weakness may lead to more weakness and strength can be more aggressively sold.…
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 …