In my trading career I do not remember ever seeing this many doji on any given chart. It is very odd that the open and close be so close to each other day after day after day with all the real movement happening in the post market and pre-market. The biggest clues are the two […]

   Dojis, dojis, every where. Truly some strange price action last week in the major S&P 500 index. I bought SPY puts when the price was struggling at the 50 day late Friday in the last 45 minutes and was instantly questioned and criticized on twitter for doing that on a bullish candle, minutes later

                                                                                                                                                                                                                                                                                                                   With all the silliness and noise around trading that happens online I thought I would clarify what I see makes the rich traders win in the markets. Whether they are a professional or trading their own account the markets leave many traders broken

  For the past 5 trading days we have been in a range bound market. The 100 day is the logical support line in this current price range with a quick reversal back over it the first day it was lost and bounce off it the following day. The 50 day is the resistance area,

We are looking at a failure to break out to a new all time high Wednesday. With the day of the failed break out closing near the low of the day. Usually only bearish reversals follow a gravestone reversal candlestick, the last two days has been that reversal. We did regain the 20 day after

For the first time in a long time we did not get the relief rally after Bernanke spoke, the markets did not like what was said and sold accordingly. The clean break of the 50 day should have been like a bell ringing to bulls that we are not in Kansas anymore Toto. After breaking