We finally see volume coming in on Thursday and Friday as the market moves higher, this is bullish. Bullish Slow Stochastics Crossover. Bullish to have a declining ATR. Bullish MACD. Bullish to be over the 10 day EMA, but price needs to consolidate here as price is extended from the 10-day EMA. Bullish $SPY breakout […]
Bulls Won: $SPY Chart 3/13/2016 Read More »
Here are 5 basic technical indicators to get you started in trading price action instead of anyone’s opinions or predictions. Moving averages tell you the trend in your time frame based on what side price is on in relation to the moving average, price above the moving average can be bullish while prices below it
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Here are 7 of the most popular charting websites online. These sites are where you will find the best software and charting packages online. Find the one that you like the best and is the easiest to use so you can spend your time and effort in studying historical chart patterns. StockCharts.com TradingView.com Finviz.com MarketSmith.com FreeStockCharts.com
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Bulls had control last week driving stocks higher day after day with little intra-day weakness. The bullish double bottom played out as the rally took the $SPY back to the 200 day SMA. The 200 day SMA is the current resistance level. A close over the 200 day will finally put the bulls in control and cause trend
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Signals help traders filter out their opinions and focus on price action. These tools help capture trends in your own time frame. The 200 day SMA measures the long term trend. Price above long term bullish, prices below signal long term bearish. The 10 day EMA measures the short term trend. Price above short term bullish, prices below signal short term
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It is not bullish for indexes to be negative year to date. Rallying after a plunge is not the same as breaking out of a range. $SPY gapped up Monday and then closed at $194.78 then bounced around all week only to close on Friday at $195.09. After the Monday gap $SPY was not accumulated or
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Adjustments I have had to make in 2016 due to the market environment: I am trading at half the position size I did from 2012-2015 due to the expansion in volatility and average daily trading ranges. Even this is too big at times. I have not been able to buy any individual stocks for longer
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Contrary to popular belief by the majority of the general population and even investors and traders stocks are not tied to their fundamental values or even the companies that sold the shares to raise capital. Stock prices are tied to simply what the current buyer and seller in the market is willing to exchange ownership
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The best thing that most investors could have done was go to cash positions in their retirement accounts as the 200-day SMA failed in late 2015. This helped me avoid a correction in my biggest account. With the speed, chop, and volatility so far in 2016, the traders that are making money are likely day trading or holding positions for
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Stocks as an asset class are under distribution worldwide in 2016. $SPY is in an intermediate downtrend under its 200-day SMA. The MACD is still in a bearish crossover. $SPY has closed under the 10-day EMA 24 out of 29 trading days in 2016. The 10-day EMA has been resistance this year. The 21-day EMA is the
Unimpressive Bulls: $SPY Chart 2/14/16 Read More »