Chart courtesy of stockcharts.com The long term uptrend is still in place. $SPY pulled back and found support on the previous all time high breakout from late 2014. (This resistance/support line has been on my chart for weeks. It was not drawn this morning). There was a bearish MACD cross on Thursday that was confirmed […]
10 Facts About the $SPY Chart 3/8/15 Read More »
Chart Courtesy of StockCharts.com $GOOGL has broken out above the 200 day. This is a viable option to buy with correct position sizing with a stop loss placed at a close below the 200 day. Options in $GOOGL are also liquid, giving the trader a way to cap their risks at only the cost
Chart Courtesy of StockCharts.com My February $TQQQ Trade I entered $TQQQ at $97.19 on February 10th in the morning after the gap and go break out over the 50 day sma. This was a momentum buy signal crossing the 50 day, the 5 day ema, and it was a gap up over the previous day’s
My February $TQQQ Trade Read More »
Chart Courtesy of StockCharts.com 10 Fast Facts About the $SPY Chart The long term uptrend is still in place. $SPY is within striking distance of all time highs. The RSI still gives it room to run up. $SPY closed below the 5 day ema. Momentum is waning. The MACD is close to a bearish
10 Facts About the $SPY Chart Read More »
I have been aggressively long the $SPY and $QQQ using leveraged ETFs since they both broke above the 50 day sma. I also took $IWM long at the break out to all time highs. I have been holding $SPXL $TQQQ $TNA & $SPY for great returns on capital in February. I am still very bullish
7 Reasons I Exited My Long Positions 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 »
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 »
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 »
The reason many traders were whipsawed last 2 weeks with prices is that there was no trend, only swings back and forth in the $SPY. After uptrend and then downtrend signals over the past two weeks the market has settled into range bound prices. $207 resistance and $197 support since late October. The resistance
$SPY Chart Facts: 2/7/15 Read More »
Last Sunday all the bullish momentum signals were triggering while this week we have the reverse with bearish signals. This market is currently volatile and could break either way. Momentum moves up were faded last week, buying strength did not work. This is a dip buyers market, buying weakness and it is working over
10 Facts On The $SPY Chart 2/1/15 Read More »