But it also pays to be cautious. I think if you’re an astute trader who is shorting a falling market or even in cash it pays to let the market prove itself before loading up the boat on the long side. I found this chart worth clipping to add to my collection for future reference. [...]
I think the most bullish thing this market could have done today was drop a hundred or two on light volume to consolidate some of the gains it’s had over the last 5 trading days. When I was going over my trading indicators tonight this one jumped out as I immediately noticed that the Nasdaq [...]
Mike Swanson and Andy Emerson talk about what you need to look for when a new bull market could emerge. Just to clarify the author doesn’t think the new bull is here just yet. He’s merely pointing out what it will look like when it arrives based on previous bear market endings. From www.wallstreetwindow.com
I debated whether to put this video up, but I’m sure you’re going to see it somewhere, so it might as well be here. I spent the entire video jaw dropped and focusing on what was going on in the background. I don’t remember much of what Palin said, but what I did hear wasn’t [...]
I’ve mentioned this in the past that when TLT and SHY start to show up on my momentum scans that the market is usually nearing a trading bottom. However the action in these two markets have been acting slightly odd lately. They normally have an inverse relationship as shown by the Dow chart layered behind [...]
A local businessman here in Vancouver who happens to be a good friend of mine forwarded me an email he received from the president of a local automotive dealership. If this letter is authentic and I’m being told it is, can really goes to show you how desperate people can become during tough times. I [...]
I’ll admit I’m trying to find reasons to support my new bullish bias, and if I’m reaching here please let me know. But there are two things about this chart that strike me as mildly bullish even though my gut is telling me that we’ve rallied far enough now it’s time to plunge back into [...]
Comparing the depth and velocity of previous bear markets to see where we stand right now and where we could potentially be heading. clipped from dshort.com
With the amount of stocks over their 200 moving average at pitiful levels, there is room for more upside. We are not at resistance yet on the RSI and it will be important to see how that indicator acts there. The price channel below shows where the Dow could potentially stall, near 9450.
after fighting the tape all week. First and foremost my market timing indicator has issued a buy signal today. Now the last two times this has occurred in the past few months it was quickly rejected after a few days of bullish tape. This could very well happen this time around, but I suspect that [...]