Maybe this is a reversal off a near term bottom over the past three trading days, and maybe it’s not. I will let price be my guide. Here are the five things I need to see for me to start trading the long side again, and buy dips rather than selling rips short. I am […]
5 Signals that Could Prove $SPY is Reversing Read More »
Bulls, you aren’t in Kansas anymore. The 2009 – 2015 stock market uptrend is gone. I am basing this not on my personal opinions or predictions, but what I see on the current charts. Here are 10 facts that show that we are headed down. All stock market indexes are trading under their 200 day
10 Signs 2015 is not a Bull Market Read More »
The past five trading days have been some of the worst price action I have ever seen. Today will go down as one of those trading days you never forget. If you didn’t lose money, you had a great day. If you made money—well done! The dip buying signals of the past six years have
How to Trade During a Zombie Apocalypse Read More »
For the first time in many years buying the dip failed in the stock market. It failed with an enormous plunge in the Dow Jones Industrial Average of over 1,000 points from Monday’s open of 17,472.66 to Friday’s close of 16,459.75. This brings the DJIA into a +10% correction from a 52 week high of
$SPY Chart Facts: The Death of Buy the Dip Read More »
This book is a great addition to the trading world. It is unique in it’s structure and the knowledge of the participants is impressive. The book is structured as a round table question and answer session with four legendary traders, answering questions that they receive regularly.
My Book Review for Momentum Masters Read More »
Buy the deepest dips into oversold territory. Indexes tend to snap back to the previous days low, the 5 day ema, 200 day sma, and the 30 RSI. Sell the rallies back into resistance. The short term resistance can be the high of the day, a rally back to green, and eventually the 200 day
10 Tips for Trading a Downtrend Read More »
$IWM $DIA $SPY and $QQQ are continuing to trade under the 200 day simple moving average. Indexes are spending more time under the 5 day EMA than above it. The market indexes continually go up on low volume days and end down on large volume days. The market had terrible breadth with less and
10 Signs a Stock Market Downtrend Started Read More »
Here are the 3 websites that I think have the clearest and best charts on the web. StockCharts.com FreeStockCharts.com Investors.com
My 3 Favorite Charting Websites Read More »
The stock market continues to be range bound in 2015. Buying weakness and selling strength is the profitable methodology this year, with limited success in momentum and short-lived stock trends. $SPY is stuck in the middle of the five month trading range of $205 support and $213 resistance. The 50.03 RSI is neutral but it
$SPY Chart Facts: Stuck in the Middle Again Read More »
We are stuck in the middle of the 2015 price range. Swing trading is still the winning methodology in this market environment. $SPY price is extended far from the 5 day EMA, and the odds are that we rally to this level next week. MACD had a bearish crossover. The RSI is showing weakness as
10 Facts about the Messy $SPY Chart 8/9/15 Read More »