Tweet The following is a book review by Stephen Burns. The New Sell and Sell Short (Wiley Trading) by Alexander Elder How To Take Profits, Cut Losses, and Benefit From Price Declines I am pleased that Dr. Elder took the time to update this gem of a book detailing how traders can profit from volatility […]

Tweet The Dow remains stuck in a down trending channel and has found resistance at the RSI 60 level the past 3 attempts to break through. The 2nd chart I want you to focus on the relationship of the 3 indexes to the Keltner Channels and notice that they continue to trade below the middle […]

Tweet This post is in response to a reader’s question concerning what I’m seeing in the silver and oil markets. The first chart is a daily three line break chart showing an rising trendline support near the $92 area, which coincides with previous resistance on the daily chart below that one. I’m essentially waiting for […]

Tweet Market internals are confirming this move lower as the number of stocks on the Nasdaq that are above their 200 moving average are falling fast. [ad#ad-1]