I mentioned last week that our near term highs were likely to contain price this week as the markets further consolidated the massive gains we have seen over the last several months. Well, I was way off. That near term…
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I mentioned last week that our near term highs were likely to contain price this week as the markets further consolidated the massive gains we have seen over the last several months. Well, I was way off. That near term…
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The monotony of the endless stair case up in the markets was finally broken this week as price action for the first time in months saw a substantial albeit quick retracement. While most of the selling took place in one…
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Over the last month or so,Virgin Media (VMED) has been benignly trading sideways after breaking out of a nice cup and handle formation that had developed from November of 2011 through the first couple of months of 2012. While it…
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As has been the norm throughout this year, the markets stair-stepped just a bit higher yet again this week after a couple of half hearted attempts at a pull back were once again met with strong buying. While the pervasive…
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Much to the chagrin of bears everywhere, the markets continued their relentless march up for yet another week as the rally to open 2012 continues. While there continues to be sporadic bouts of selling intraday, there has been a strong…
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Despite ending the week somewhat off their new highs, the markets for the most part continued the slow and relentless rally that began about a month ago. As has been the case during that time, sellers have been few and…
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The markets continued their slow march up this week with little to no real pull backs as the bulls relentlessly stepped in to support the markets any time there was a hint of a drop. We have now drifted in…
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While the markets opened down on Friday looking tired and ready to roll over after a week of positive gains, they gained traction midday and eventually rallied to close just below the days high’s. Friday’s price action was part of…
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The last week of 2011 in the markets was mostly uneventful as price action basically drifted sideways finishing the week right around where it started, capping off a year that also finished right around where it started. Of course, while…
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Although the markets opened the week in an ugly fashion, they quickly reversed course and drifted higher for most of the week. Other than a few moments of weakness, there was almost no selling pressure this week as the bulls…
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Wanted to wish all my friends , family & traders a Merry Christmas & Happy Holidays. I want to thank you for a wonderful 2011 and looking forward to 2012. All the health and prosperity to you and your…
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re: $INHX chart ( Technical Analysis & How I would trade it from here ) Below is a chart & notes on INHX I don’t usually like trades like this long because of the fact that they are so news…
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After taking last week off, the bulls came back ready to work this week lifting us well off our recent lows in all of the broad market indices. Once again as has become par for the course, price action changed…
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I mentioned last week that the bulls would likely be tested this week as the bears attempt to regain control of this market, and while the bulls can use the light trading / short week excuse to defend themselves, the…
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We are proud to introduce the SG22 Momentum Pack for NinjaTrader 7. Indicators are available as part of our Diamond Membership. If you are already a member and want to use them with your NinjaTrader, send an email with Stockguy22.com…
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We had another week of mostly sideways action again as upward momentum in the broad markets continues to wane. While we finished off on a weak note, the bigger picture remains neutral as we have mostly traded in the same…
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good Question Dave, Both Gold & Diamond memberships are in real time Dave. We’re working on a video about the memberships & site layouts but here are some screenshots in the meantime..showing the chatroom as well as the private…
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Despite some rather volatile moves from day to day, this week’s action in the broad markets was still basically sideways as we continue to digest the massive gains we made through out the month of October. While volatility is still…
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After breaking out sharply last week from the cup and handle pattern I mentioned a couple of weeks ago, the markets spent this week consolidating those gains while holding some key levels of support in the process. We have now…
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Happy Halloween everyone, How to avoid getting wiped out & how to properly trade and read the chart on a stock like MF Global Doesn’t look like MF Global gave any treats today to shareholders except for the ones that…
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Although this week’s action in the markets was relatively quiet as we mostly drifted sideways, it was actually quite productive as we were able to consolidate the rapid gains we made over the last couple of weeks in a rather…
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It is often said that the market takes the stairs up and the elevator down. While it is somewhat of a cliché, it is an apt description of typical market behavior as our fear impulses usually overpower our greed in…
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After briefly flirting with disaster during the early part of the week, the markets rebounded sharply, and ran right back to the levels that have contained most of the price action for the last two months. The action continues to…
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Over the last few years, the U.S. Dollar has had a strong inverse relationship with the markets and has been a significant factor in determining the ultimate direction equities have taken. One of the most important engines of the bull…
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After spending nearly two months trying to stabilize from the free fall we had in early August, the markets finally broke out from the rising channel that has contained our price action during that time. Unfortunately for many market participants,…
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While we continue to remain mired in the middle of a broad bear flag in the markets, each week that we hold the lows of this channel is a positive step towards building a viable base. We closed green each…
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“Despite the bearish undertone to this week’s close, not much has really changed in the markets over the last few weeks. We continue to probe the boundaries of our bear flaggish pattern as the markets come to terms with our…
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Despite the bearish undertone to this week’s close, not much has really changed in the markets over the last few weeks. We continue to probe the boundaries of our bear flaggish pattern as the markets come to terms with our…
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Global Futures Treasury Department Hours Friday, September 2, 2011 Early Cut Off – There will be an early cut off of 7:45 AM PT for checks and wires on Friday, September 2, 2011. Monday, September 5, 2011 Closed – The…
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Like many equities, Hornbeck Offshore Services (HOS) has rallied sharply off of a potential double bottom earlier this month and now finds itself underneath some overhead supply. The $25 level was the scene of an early January breakout and had…
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Had you been in our chat room Monday this week To JOIN our GROUP & get these type of trades in real time : CLICK HERE for: 14 day trial : http://sg22.ly/p8BTPy I think we have one of the best groups…
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After printing a wide assortment of spinning tops and doji candles over the last several days, Domino’s Pizza Inc. (DPZ) finally had a decisive candle as it closed at its highs on Tuesday while pushing its way through a near…
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I was on the wrong side of the market today, but sticking with it and trading the position let me come out with a win. I would have been much easier to simply buy and hold. My initial long was…
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Just some scalps today – trading a small account to see if I can turn another 25k into 1000% in a year. All shorts. Had I followed my system gains would be larger, but that doesn’t work in all markets.…
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While the broad markets are sitting just above their most recent lows and threatening to break down even lower, many commodities in the agricultural sector have been behaving strongly. One way to take advantage of this relative strength is with…
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A poor finish this week erased most of the bounce the bulls were able to manage from last week’s lows and has brought the markets back to the brink of another breakdown as we sit just above those critical levels…
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This isn’t everything that goes into my trade decisions but its a good portion. I also look at how the market is trading, so buyers seem weak. Are the trades mostly firing off on the bid or the ask? What…
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Intraday chart – no real buyers to speak of and higher volume – not a good sign considering most of the bounce was on low volume. We couldn’t get back above the open and after a short lived rally, everyone…
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Watching the 700 area very carefully, I am expecting a run for 750 on better than expected economic data this week.
After a continued surge lower during the early part of the week, the market finally found some support as buyers started to cautiously step in at levels that hadn’t been significant since the months following last year’s flash crash. The…
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As a short term swing trader, the bloodbath we have experienced in the equities markets over the last couple of weeks has obliterated practically all of the setups I favor. For the most part, my watch lists are now…
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After half a year of broad range consolidation on slowly expanding volatility, this week’s brutal distribution took most of our main indexes well below our 2011 range while sending volatility levels higher than they have been since the “flash crash”…
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While silver has lagged gold over the recent months, both stand to benefit as jittery investors flee the market for safer havens. While gold has pressed on to new all time highs, silver as seen in the iShares Silver trust…
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While most of the markets have been backpedaling over the last few weeks, Minefinders Corp. has been pushing forward towards the all time highs it formed in late April. It has been flagging in a pretty tight pattern over the…
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As befits the state of our current markets, we took the elevator down this week to revisit the lower portion of our yearly trading range and pulled the rug from under the bulls that had pressed their longs as we…
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Tweet The weakness in the market over the last few days has negated many setups that were looking promising coming into the week. Renren (RENN) is one stock that has shown relative strength as it has held up remarkably well…
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I am going to try to post these correlation charts more. What I am noticing is the markets while predominantly inversely correlated to the USD, can and do at times move in degrees of postive correlation with the USD.…
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Apparently drug demand is strong judging by Valeant Pharmaceuticals (VRX) recent performance. It has been consolidating quietly for about three months now just under its 52 week highs and is starting to get interesting. While this setup may need a…
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The Healthcare sector has shown great relative strength over the last several weeks with stocks like CVH, HUM, WCG and UNH leading the way. Aetna (AET) is probing its recent highs here on the daily chart and is poised to…
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After some strong selling on high volume, DNDN had a sharp reversal in the after market on Thursday on news, and had a strong follow through on Friday on high volume as well. Looks like plenty of bears might be…
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The Week In Crayons
This Friday’s action marked the end of not just the week, but also of the first quarter of 2012. While the markets began the day in a weak fashion selling down at the open, buyers stepped in and were able…Read more ›