The markets are not all working their way higher as nicely as you might believe if you're focused on last week's impressive 5 up days in a row statistic. Consider this set of facts:
1. The bulls have the Q's …
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 …
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 …