I continue describing oscillators developed by Thomas DeMark.
In my previous articles, I have already explained such tools as
TD REI and TD POQ (look here).
In this post I’ll continue describing technical tools developed by Thomas DeMark.
TD DeMarker I
I’d like to start with the TD DeMarker I indicator. It is similar to TD REI and aims to...
Recently the STLFSI retreated to its near-historical low levels. RSI is indicating a divergence that could indicate the index will head higher. Markets are also looking poised to resume their volatile trend to the downside after rallying this year.
About the Index:
The STLFSI measures the degree of financial stress in the markets and is constructed from 18 weekly...
-Today we are going to show Vix Index on daily chat compared to SP500 (orange line).
The first thing we noticed is the Wedge formations on the chart.
-As Vix starts going down, SP500 keeps rising, the concept is that people trust on the strength of the bullish trend, on this process we can see the Wedge patterns on VIX, and bullish trends on SP500.
-To see the...
What's up guys, YoungShkreli in the building
Warren Buffett has said that when he dies he wants his family's money to be put into an index fund. Warren Buffett and it seems like everyone else these days is in love with the index fund. I think buying an index fund is stupid - that's right stupid (sometimes).
What is YoungShkreli on about? I mean, does he really...
Purchasing power ( PP -25.00% ) is a measure of strength of a currency. It represents a quantity of goods & services that can be bought by a unit of currency. Since 1914 the purchasing power of the US dollar -0.89% is down 96 %.
The calculation is simple. We take the consumer price index ( CPI 0.24% ) for the USA and divide every value by the value for our base...
Occasionally I will be slapping together a commentary about the days action on my favorite index and making a point to pickout the best entry of the day. This does not mean I take these entries. I simply point them out.
These posts will be short simple and insightful.
Notice the daily is bearish. We know better than to hold onto long positions.
The market has been running up since the beginning of 2017. If we traded based on Ichimoku indicator, we could make good profit. You can see 7 long trades and possible entry levels. The main thing you have to note: Ichimoku is a trend indicator. It must be used only with trend market conditions. When markets are in range, there will be a lot of false signals. It...