wednesday update
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SHORT TERM: market rebounds, DOW +78 Overnight the Asian markets were
mostly lower: -0.6%. European markets opened lower but rallied: +0.7%. US
index futur...
Midweek Triple US Stock Index Check March 7
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Are the indexes breaking down from their “Creeper Trend Rally” or else
continuing more of the same slow melt-up? Let’s take a look at the Big
Three US Stoc...
Nonfarm Payroll Precedents: Correction Edition
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Not much to say about the markets other than: “we’re correcting, and it
will take longer than a day.” Here’s a couple charts pulled from [...]
Sell This Retest
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Morning All,
I want to keep this post really simple- right here, the high probability
trade is to sell this retest of the breakdown level.
I am working ...
One “Buy The Dip” Perspective
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The following is an excerpt from today’s mid-day report from All About
Trends, who teach traders how to achieve a rising equity curve. As a
premium member ...
Elliott Wave Update ~ 7 March 2012 [Update 4:45PM]
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Update 4:45PM: the hourly Wilshire shows the big picture in a nutshell in
log scale. What happens if this trendline breaks? Place your bets.
*ORIGINAL POS...
Mar 6 - Daily and 60-min Cycles, Looking for an Edge
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*Yesterday* my *60-min Trend System* issued a short signal (that is
obviously still in effect). If you recall, I have explained that the
trading signals th...
Issue 088 - How To Weeee'd A Chart - Part 4
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Happy New Year!! Alright, the last few issues, we saw how momentum works
through its 2 engines - Accumulation and Distribution. We also saw how the
pric...
Is Overstock.com in a Death Spiral?
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Last Friday, Overstock.com (NASDAQ: OSTK) reported a fourth quarter net
loss of $3.4 million compared to net income of $14.9 million in the
previous year’s...
Update February 23rd, 2012
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On February 15th, with the $SPX at 1343, I declared that the market had put
in a top. Then on the 16th, after a strong rally to 1358, I began to back
peddl...
The ECB: The Road Not Taken
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*I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I,
I took the one less traveled by,
And that has made a...
Trading Notes #14
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Due to a tight schedule I will not be blogging for the next few weeks.
Just wanted to add this great trading reflection,
*It is difficult to tolerate even ...