My Swing Trading Approach There are a lot of divergences occurring in this market right now and plenty of reason to be concerned. Based on the indicators that I follow, the market has been consolidating through time for the better part of a month. I plan to be cautious with [...]
My Swing Trading Approach Staying nimble in this market. The market is suddenly prone to large intraday swings, being flexible in this market will remain key. Indicators […]
For the first time since January, the S&P 500 and the rest of the indices are marching lock step witih stocks as a whole. Over 70% of stocks are trading above their 40-day moving average and that confirms that stocks are supporting this market move higher. […]
Trading the 3:30 Ramp Okay so the headline might be a bit of an exageration but the past two trading days, when 3:30pm eastern typically triggers an end of day run, the exact opposite has happened where stocks start to slide out of absolutely nowhere. Perhaps it is just a [...]
It is always concerning to me when the T2108 Chart starts diverging from the market For those of you not familiar with the indicator, the T2108 chart measures the percentage of stocks that are trading above their 40-day moving average. Typically in a very healthy market where it is consistently [...]
My Trading Journal for the DJIA Today: Nasdaq still doesn't look so bad, Russell index does look pretty rough, the S&P 500 is giving up all of Wednesday's market rally, but the DJIA today managed to hold that 10-day moving average with a three day pullback that was quite shallow in [...]
