Stock Market More Consolidation / Correction NeededStock-Markets / Stock Markets 2014Feb 24, 2014 – 02:17 AM GMTBy: Andre_Gratian
Current Position of the MarketSPX: Very Long-term trend – The very-long-term cycles are in their down phases, and if they make their lows when expected (after this bull market is over), there will be another steep decline into […]
EUR/USD eyes further upside pressure – technical analysisEUR/USD Daily, Forex News | Written By Guest |
Created: Feb 23, 2014 16:35 GMT
EURUSD: With EUR maintaining its bullish bias, further gain is envisaged in the new week. Resistance resides at the 1.3800 level where a violation will turn attention to the 1.3850 level and then the 1.3900 level, its psycho level. Its […]
Stock Market Daily Charts Are Fine…Weekly Charts Are Not…..Implications?Stock-Markets / Stock Markets 2014Feb 22, 2014 – 03:32 PM GMTBy: Jack_Steiman
The weekly charts are all wrong. The MACD negative divergences, along with negative divergences on the stochastic’s, RSI’s and histograms make for a very ugly picture. Then there’s the daily charts. Nothing really bad there. Nice looking MACD’s. […]
Continuing our “Intraday Trend Trading” stock scans according to an algorithm I run mid-day, let’s take a look not just at the strong intraday uptrending stocks, but also the four “worst” intraday downtrending stocks.Here’s the strong uptrenders on yet another uptrending session:Our “Top Four Intraday Trenders include WellPoint (WLP), Travelers Insurance (TRV), 3M Company (MMM), and Aetna (AET).Again, pro-trend traders […]
I had expected a little more downwards movement to complete a small second wave correction. Price did move lower to complete the correction, but it moved higher first. Downwards movement is finding strong support at the lower edge of the parallel channel as expected.Summary: Upwards momentum should increase. The short term target at 1,297 may be met within about four […]
Investors who dismissed some hoary market rules of thumb last year as old wives’ tales did pretty well. Does that mean it makes sense to ignore the cautionary message of the so-called January Barometer following a decidedly weak first month of 2014?In 2013, on the way to as 30% ascent, the Standard & Poor’s 500 Index (GSPC) refused to ratify […]
Start Trading Gold Now!
By: DailyForex.comThe XAU/USD pair fell sharply and give back all of the gains made in the previous session as the American dollar strengthened across the board. Weakening data from China and global growth concerns contributed to gold’s losses as well. Since Chinese gold consumption plays an important role in this market, disappointing numbers out of China puts […]
Stock Market Nasty Down Day with Negative TechnicalsStock-Markets / Stock Markets 2014Jan 30, 2014 – 05:48 AM GMTBy: Harry_Boxer
The stock market indices suffered another nasty session, except for theTheTechTrader.com, which looked good and channeled up nicely. That includes some of the natural gas ETFs, particularly the UGAZ. But the day was an ugly one.The day started out […]
At the daily chart level it looks like minute wave ii is incomplete and found resistance at the upper edge of the channel.I would expect a little more downwards movement overall to complete an ending contracting diagonal, which should be followed by overall upwards movement. The target for downwards movement to end is just below 19.327. Downwards movement should not […]
Have you ever asked yourself, “What should be the minimum volume requirement for the stocks and ETFs I trade?” If so, you’re definitely not alone.It’s an important question, yet the answer is not black and white (despite what you may have heard from other traders). Read on and I will tell you why…
What Is Average Daily Trading Volume? Why Does […]
