If you think that suddenly your trading sucks or that your method no longer works, it’s not you, it’s the market. Only skillful day traders and perfectly timed short sellers are really making money this year. The chart is really trendless but makes erratic moves inside the tight range. $SPY is down 6.17% […]
12 Crappy $SPY Chart Facts: 9/27/15 Read More »
Having a bull mindset in a bear market is not profitable. Bear markets have no long term support, they can make lower lows for a long time. Buying pullbacks is not profitable in bear markets because pullbacks turn into downtrends, and old support becomes the new resistance. Buying dips stops working. Bulls end up getting
Why Bear Markets Steamroll Bulls Read More »
The chart had a lot of mixed signals last week without many actionable signals. The Fed decision to keep rates unchanged was a sell the news event. $SPY has settled back into a trading range after failing to breakout on the Fed decision. Two back-to-back shooting star candlesticks show that higher prices were sold into
10 Fast Facts on the $SPY Chart: 9/20/15 Read More »
The $QQQ chart has formed an ascending triangle chart pattern. $QQQ closed over the 200 day moving average. $QQQ broke out of an 18 day trading range today. This chart has made higher lows for 5 straight days. This chart has made higher highs for 3 straight days. The Fed meeting will likely provide a
10 Fast Facts About the $QQQ Chart: 9/16/15 Read More »
The market is still in bear territory under the 200 day simple moving average. The MACD is extremely bearish, showing a lack of momentum. Up days continue to be on lower volume and down days on higher volume, which shows distribution. A 27.80 $VIX is not bullish, it demonstrates uncertainty. The RSI is weak at
10 Fast Facts About the $SPY Chart: 9/5/15 Read More »
When oil prices were surging, it was the speculators who were to blame. Where are the stories about speculators driving down oil prices? — jack schwager (@jackschwager) August 19, 2015 Know your markets behaviour #study pic.twitter.com/6aECCc4W9S — Tom Dante (@Trader_Dante) August 21, 2015 when the barrel costs more than then oil pic.twitter.com/zAonxiN8Ip — StockCats (@StockCats) August
Top Tweets of the Week 8/21/15 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 »
The $SPY continues to be range bound in 2015. Stocks as an asset class are being traded and not accumulated outside of a few individual stocks like $GOOGL, $FB, and $AMZN. The MACD currently has a weak, bullish crossover. The 5 day EMA held as support which shows momentum. The 52 RSI shows slight
10 Facts About the $SPY Chart 8/2/15 Read More »
A sideways market and summer trading. This GIF sums it all up for some reason -> http://t.co/uJTAULwnjN $SPY $SPX pic.twitter.com/W0nxYfsgtB — StockTwits (@StockTwits) July 30, 2015 $SPY $USO #Insidemonthanddown #Bearishengulfingweek pic.twitter.com/m8k7xsgBu5 — Rob Smith (@RobInTheBlack) July 27, 2015 I'm not sure I can function in a society where Uber is valued at $51 Billion — StockCats
Tweets of the Week 7/31/15 Read More »
$SPY is still in a range bound price zone, and is being traded and not accumulated or distributed in any meaningful way. Last week the all-time high resistance level held and the market reversed back into the trading range. $SPY made lower highs and lower lows for four straight days. The $SPY reached all-time highs
10 Facts About the $SPY Chart 7/26/15 Read More »