Descending triangle & momentum confirm weakness.
Comparing a few of the technical patterns that occurred before and during the massive corrections of 2000 & 2008, the S&P is showing signs of another large correction looming. (Again after ~ 7-8 years of bull-run). These types of monster moves play out over a period of months / years and therefor it would be diligent to observe these and other indicators over...
The chart presented is a Comparison of the 30 Year Bond and the Dow Jones Industrial Average. Notice how the extreme Peaks in bond prices (hitting the upper trend line) starts a strong rally in Equities and also vise versa. Its a good time to buy stocks, and short bonds. With the Feb raising rate some time in the future, I expect bond price to fall and the the...
After covering our last trade the NQ is still selling off. We will establish new positions on bounces. For now these will be smaller positions. As we have mentioned...snap back rallies can be violent. Remember NO TRIGGER, NO TRADE!
$SPX managed to close the trading week above the 1950 support zone, having its best week since July. I get a lot of questions asking whether the latest S&P bullish move is a correction wave (to its August declines) or whether August's bearish move was the correction that the market was waiting for and we are heading to another bullish wave that will conquer a...
The $NQ is in the same situation as $ES. Choose your poison. We will not take the direct break. We will wait for a pullback to trigger on a shorter time frame. ANY CLOSE ABOVE 4370 and we will change our sentiment. Next week should be fun. NO TRIGGER, NO TRADE!
Bearish signal triggered on 1HR chart. Estimated entry point at ~107.50.
Take a look back to check out what happens when RSI 2 is below 2.5, we have movement or a close below the lower BBand, and for an added bonus, when traditional RSI 14 is in the 40 or below range. The key to this setup is to not get greedy. Once that mid BBand line is crossed, it's time to tighten the stops. Let it ride. If you're a little cautious, sell when...
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well. KEEP IT SIMPLE TRADE LEVELS
Double top A double top could be in at same lvl 2003 dot.com bubble top Looks like bulls need to fight here to keep the bull alive. Fear not trade what you see @BLawrenceM Music at work: www.youtube.com open.spotify.com
Flood of US economic data after the long weekend. Greece is in serious bankruptcy 'do-do' so watch out.
US data today may sway markets. We are headed lower in the PM. Watch for a possible bounce at the support.
SPY is still holding the 50dma, and making higher highs and so has the other indices like the IWM, QQQ and DIA. that being said, the Biotech Sector (IBB) is the only sector that one should be weary of, as it has been making lower lows in the intermediate term. It seems as though there is a bit of sector rotation going on. I remain bullish on all the indices, but...
TSLA rallied off 203.50 (April 17, 2015 higher low), following a 7-1/2 month falling trendline break as shown on the daily chart, to return above the 200 day moving average, posting new 2-1/2 month highs. Bullish MACD suggests there is scope for further upside towards the 225.48 resistance level (February 5, 2015 lower high). Clearing there would accelerate the...