At all time highs all holders are profitable. There is little fear to drive them to sell. There is no selling pressure on the holders of current positions so they tend not to sell. With the majority sitting on their current positions short sellers tend to be the primary ones selling. Short sellers are forced […]
Why Bull Markets Steam Roll Bears Read More »
All time highs have been held through all the Greece headlines, this is bullish so far. The old all time high at $209 will be our first level of support as people that missed the breakout will likely be waiting there for a second chance to get in. The previous all time at $207
$SPY Chart Facts – 2/22/15 Read More »
Quotable Quotes from Ed Seykota Market Masters: Why Emotional Intelligence Gives Investors An Edge Blair Hull – Getting the Edge: Blackjack and the S&P 500 Best Practices in Trading: Scenario-Based Preparation Why Do You Trade? Who Loses The Most In Trading?
My Favorite 5 Trading Articles 2/21/15 Read More »
Don't know about you but I'm all greeked out… — Northy (@NorthmanTrader) February 20, 2015 Greece's euro zone bail-out negotiations are steeped in tension and mistrust http://t.co/VzRWgYyy6H https://t.co/BpwbeEeeFp — The Economist (@TheEconomist) February 19, 2015 pic.twitter.com/z0jNAcmpoy — JE$US (@WallStJesus) February 16, 2015 Apple's iCar radio only plays U2. — Mike Valletutti, CTA (@marketmodel) February 14, 2015
Top Tweets of the Week 2/20/15 Read More »
“We learned just to go with the chart. Why work when Mr. Market can do it for you?” – Paul Tudor Jones Only price pays. In trading, emotions and egos are expensive collaborators. Our goal as traders is to capture price moves inside our time frame, while limiting our drawdowns in capital. The longer
10 Great Technical Trading Rules Read More »
Moving averages allow traders the ability to quantify trends and act as signals for entries, exits, and trailing stops. They can become support and resistance, and give the trader levels to trade around. Below are examples of the specific moving averages with time frames. 5 Day EMA: Measures the short term time frame. This is
Moving Average Answer Key Read More »
“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…” -Futures Magazine Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader. Ed Seykota’s returns on capital
40 Best Things Ed Seykota Ever Said Read More »
Original Source: John Murphy’s Ten Laws of Technical Trading Charts and information courtesy of www.StockCharts.com 1. Map the Trends Study long-term charts. Begin a chart analysis with monthly and weekly charts spanning several years. A larger scale map of the market provides more visibility and a better long-term perspective on a market. Once the
John Murphy’s Ten Laws of Technical Trading Read More »
The $SPY chart is overwhelmingly bullish and crossed into all time highs. (Based on the $SPX chart. I do not count the $SPY crazy ramp candle to $211.80) The only concern is where the profit taking will be. When will the $SPY reverse and begin to start hitting stop losses? Where are the dip
10 Facts About the $SPY Chart 2/15/15 Read More »
Here are five of my favorite trading articles from this week: This is the Big One The Ultimate Guide on How to Use Risk /Reward Ratio Correctly Bulkowski’s Position Sizing 5 Tips to Deal with Trading Losses The Top 5 Reasons You Suck at Making Rational Decisions
My Favorite 5 Trading Articles: 2/14/15 Read More »