Archive for category: Uncategorized

Top Trading Tweets of the Week 10/31/14

31 Oct
October 31, 2014

5 Links to Great Trading Rules

30 Oct
October 30, 2014

 

 

 
Trading Rules From A Professional Trader: Richard Wessman

20 Golden Rules For Traders by Alan Farley

Dan Zanger’s 10 Golden Rules

The Art of Trading: Golden Rules. From @TraderStewie

Dennis Gartman’s 22 Rules of Trading

10 Fast Facts About the $IWM Chart

28 Oct
October 28, 2014

 

 Chart courtesy of stockcharts.com

 

  1. The 50 day sma was broken and closed above which is a buy signal.
  2. The 200 day was broken and closed above today which is a buy signal.
  3. The MACD is bullish
  4. $IWM has been trading above the 10 day sma for 8 trading days.
  5.  The momentum has been incredibly powerful with the price range expanding upwards today.
  6. Six of the past seven trading days $IWM has finished higher than it started.
  7. The ‘V’ bottom has held since the bounce.
  8. Today was a huge break out of a trading range.
  9. The 62.90 RSi gives $IWM more room to run up.
  10. This chart is nothing but bullish signals. It will be a blind sided whip saw if this move up fails to continue.

Ten Fast Facts About the $SPY & $QQQ Charts

26 Oct
October 26, 2014
 Charts courtesy of stockcharts.com

 

  1. Last week suddenly the fear was turned off and the greed was turned on. The Ebola bottom held with an inter-day loss of the 30 RSI and the close back near that level by end of day. Bearish signals continue to be bullish in this relentless bull market.
  2. $SPY & $QQQ had almost a move back up last week that mirrored the down move erasing the sell off the 50 day as if it never happened.
  3. Both indexes rallied back above the 200 day keeping the long term up trend in place.
  4. Both indexes rallied back above the 50 day triggered a break out of to a short term up trend again.
  5. The market not selling off on the growing Ebola scare, $NFLX & $IBM post earnings sell offs, QE ending, and the Euro bank stress tests then what exactly will it take? This rally against all the fear mongering and bad news is bullish.
  6. While the volatility itself to the down side was bearish once again the upside move has once again crushed the $VXX being bullish.
  7. MACD bullish crossovers were all triggered last week. These bullish signals have worked well in past years.
  8. Bullish all time highs last week in: $AAPL $PG $GILD $UNP $ABBV $MMM $UNH $CELG $LOW $MCK $GD and oddly enough –> $XLU
  9. The RSI being in the 50s here gives this market room to move up more before being oversold.
  10. There is a high probability we consolidate price next week around the 50 days and give the 10 day sma a chance to catch back up with the extended price level off the bottom.

5 Great Trading Articles for Weekend Reading 10/25/14

25 Oct
October 25, 2014

 

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