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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Stock Markets selling off today!!! Up like an escalator , Down like an elevator I posted these charts yesterday for premium members and reviewed the tops that were forming at Sunday’s Chart & Chat webinar. I’ve been lighter on positions…
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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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Date ET Release For Consensus Prior Feb 22 7:00 AM MBA Mortgage Index 02/18 NA -1.0% Feb 22 10:00 AM Existing Home Sales Jan NA 4.61M Feb 23 8:30 AM Initial Claims 02/18 NA 348K Feb 23 8:30 AM Continuing…
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US and Canadian Stock Markets Closed Monday February 20th, 2012 for Presidents Day and Family Day Are US stock markets closed on Presidents day ? Yes US stock markets are closed Monday Feb. 20th , 2012 Are Canadian Stock…
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It was a boring afternoon in the futures market until this excitement. Since momentum/volume trading is an interesting topic, I thought I would post this chart. Here is the chart for AMRN mentioned in our chat today. @jgwilson929 alerted…
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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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Where does AAPL ( Apple Inc.) keep close to $100 Billion in Cash and what to do with that pile of cash ? I was looking over the recent Apple Earnings report and was curious where they park that…
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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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Introducing the Stockguy22 Level 2 chart display. This indicator displays the Level 2 Order Book for your datafeed. Chart examples use /TF futures because the ICE provides the full book as far as I can tell. /ES , /NQ,…
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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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Twitter released the Top 2011 Tweets and Hashtags : Top Hashtags for 2011 were: #egypt – due to the middle east uprisings also known as Arab spring – link for Middle East Protests http://sg22.ly/vgR2Xg #tigerblood - Made famous by…
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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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Queen Estravaganza audition video by Marc Martel if you didn’t hear this kid yet he is pretty good Take a break from trading.. if you liked the band Queen listen to this Marc Martel sing “Somebody to Love” for the…
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US & Canada Cyber Monday 2011 Deals at Amazon, Walmart, Best Buy, Target, Apple Here are the top #CyberMonday 2011 Deals & links at Amazon ($AMZN), Walmart ($WAL) , Best Buy ($BBY), Target ($TGT) Apple ( $AAPL ) & others…
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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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For those of you counting calories over the US holiday , here’s a Thanksgiving Epic meal Time “The TurkBaconEpic” Too funny for those that have never seen this video 5 Birds inside a Pig with lots of bacon strips &…
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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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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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A great quote for Traders / Entrepreneurs ( & all people in general) Someone in chatroom shared this today & thought would be great to share with other traders since we sit at our desks so many hours in a…
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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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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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http://en.wikisource.org/wiki/The_Science_of_Getting_Rich
Someone in the VTF was asking about the Value Area in Market Profile. Here it is.
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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Here are a few guidelines may help make developing a trading system easier. 1. Know what you want to do. Base your trading on a solid theory or observation, and keep it in focus throughout development and testing. This is…
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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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Don’t Miss the Free Interview with Steve Nison “Father of Candlesticks” on Power Trader Radio Aug 31st , 2011 at 7pmEST-9pmEST (Also get 2 Free Bonuses & chance for a $2,495 Seminar with Steve) …
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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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I’ve seen moves like $PANL ahead of news and or buyouts before: As much as you want to think there is a level playing field for traders , there isn’t sometimes: 1) you get insiders that share information (oops thought…
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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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This coming Friday, August 26th, Fed Chairman Bernanke will speak after he wraps up the annual Jackson Hole Conference. The question for most traders and proactive investors is, will there be another round of Quantitative Easing-QE3. The way the 10…
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Weekly Economic Calendar Date ET Release For Consensus Prior Aug 23 10:00 AM New Home Sales Jul NA 312K Aug 24 7:00 AM MBA Mortgage Index 08/20 NA +4.1% Aug 24 8:30 AM Durable Orders Jul NA -1.9% Aug 24…
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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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So far a pretty normal options expiration day, big action in the AM and stagnation in the afternoon. For the most part the market appears weak; will see what the close brings.
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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Shiny metal, 30 year treasuries, and 10 year treasuries all on a rocket as investors find safety.
Gap fill resistance, and now potentially that 700 as well. Fib ext to the downside added, interesting how they line up at volume composite levels.
Can we hold prev lows or are we destined to test below. Support 670 then 650. Resistance 710-715. As I upload this chart the /TF is testing that lower range and making new lows….
Bias is bullish until we break Friday’s lows near the 23.6% retrace. Lower volume is worry some, along with momentum on the daily chart. Easier to see the bullishness of the bounce on a 30 min chart. …
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The Jademaster One cold winter morning a young man walks five miles through the snow. He knocks on the Jademaster’s door. The Jademaster answers with a broom in his hand. “Yes?” “I want to learn about Jade.” “Very well then,…
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Weekly Economic Calendar Date ET Release For Consensus Prior Aug 15 8:30 AM Empire Manufacturing Aug NA -3.76 Aug 15 9:00 AM Net Long-Term TIC Flows Jun NA $23.6B Aug 15 10:00 AM NAHB Housing Market Index Aug NA 15…
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In my efforts to become a better and more consistent trader, I read a lot of books on trading, psychology, and how to build trading systems. For the last 6 months or so, I have been reading books on market…
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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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How much is this tweet worth for traders the past week? If you had read the tweet below on July 14th would you have been lighter, taken some positions off or held off on any excessive buys into August? …
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Today’s Bullish Trading Despite the high levels of volatility and the substantial market losses suffered in August, some individual names continue to see bullish order flow – as investors take positions in options rather than shares of specific beaten-down companies.…
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Some prospective on the US downgrade. S&P AAA Rated Finland – 61.89 bps (-2.67) Netherlands – 68.16 bps (+2.63) Australia – 71.27 bps (+2.92) (After a 12 bps rise yesterday) Germany – 79.51 bps (+7.09) United Kingdom – 79.65 bps…
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Who’s to blame for the S&P downgrade? or Who’s to blame for the state of the US economy right now? Although stocks have made a monster recovery from those early 2009 lows they have moved down so fast…
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Weekly Economic Calendar Date ET Release For Consensus Prior Aug 9 8:30 AM Productivity-Prel Q2 NA 1.8% Aug 9 8:30 AM Unit Labor Costs Q2 NA 0.7% Aug 9 2:15 PM FOMC Rate Decision Aug NA 0.25% Aug 10 7:00…
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This reference applies to most futures traded on the Chicago Mercantile Exchange and the Chicago Board of Trade. Rollover is 8 days before contract expiration. Rollover is usually on the second Thursday of every month. However, if the first day…
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Why did the S&P (Standard & Poors ) downgrade US Rating from AAA to AA+ and what will happen from here? You can read the actual US downgrade here -was done by Nikola G Swann from the Toronto Office…
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What does the downgrade mean to you? Mortgage rates would likely rise at least a half point. That’s a $19,000 hike on the average $172,000 home loan. Businesses would have to spend more money to finance expansions. Costs for borrowed…
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United States of America Long-Term Rating Lowered To ‘AA+’ On Political Risks And Rising Debt Burden; Outlook Negative We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term…
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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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Why did the stock market drop more than 500 points today & will it ever bounce back again ? I’m sure this will be a major question tonight For traders, who have been at this for years , we’ve seen…
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Today’s Bullish Trading Manitowac (MTW) shares lost 96 cents to $12.75 and options on the Manitowac, WI farm and construction machinery company were heavily traded today. Total volume was 17,000 calls and 920 puts, which is 5X the recent average…
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Weekly Economic Calendar Date ET Release For Consensus Prior Aug 1 10:00 AM ISM Index Jul 54.0 55.3 Aug 1 10:00 AM Construction Spending Jun 0.0% -0.6% Aug 2 8:30 AM Personal Income Jun 0.1% 0.3% Aug 2 8:30 AM…
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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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Market Recap Stock market averages are holding gains with help from economic data, but the overall tone of trading remains cautious amid ongoing concern about the US debt situation. After falling 198 points yesterday, the Dow Jones Industrial…
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As I try to determine what makes a good trader; I routinely look at what has made others successful in the past. Paul Tudor Jones is a legend, so what makes him successful? Does he have some insight that you…
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Some useful links for those people who can read ….. http://www.futuresmag.com/Issues/2011/April-2011/Pages/Fiveminute-breakout-solution.aspx?page=1 "You can't have flag conditions when the market is in a trading range.' -LBRGroup http://coveredcallsadvisor.blogspot.com/ http://www.etfcreditspreads.com/ http://fullyinformed.com/ http://finance.groups.yahoo.com/group/weeklyoptions/ http://finance.groups.yahoo.com/group/justcoveredcalls
Here is an chart comparing my smoothed MACD using Laguerre polynomials. I have seen a few implementations of this using difference indicators. It performs similar to a faster MACD, but is relatively unaffected by gaps. Remember that even a standard…
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I ran across this on twitter, and thought this might help some of you who are struggling with your confidence. Learn from the mistakes of others. There are also a few good replies in the thread. We stress the same…
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I wanted to post a few ideas I heard this week in the VTF. Why? Because I am procrastinating on doing some writing and stuff around the house. One caveat to any of these charts is the debt debate in…
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Weekly Economic Calendar Date ET Release For Consensus Prior Jul 26 9:00 AM Case-Shiller 20-city Index May NA -3.96% Jul 26 10:00 AM Consumer Confidence Jul NA 58.5 Jul 26 10:00 AM New Home Sales Jun NA 319K Jul 27…
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Scan #1 Breakout Scan Over 500k Avg Volume / Above 20 SMA / Above 50 SMA / Below 200 SMA This scan is good for finding bottoming plays coming into resistance @ 200 day, potential breakouts http://finviz.com/screener.ashx?v=211&f=sh_avgvol_o500,ta_sma20_pa,ta_sma200_pb,ta_sma50_pa&ft=4 Scan #2…
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Over 500k Average Volume Earnings for Next Week http://finviz.com/screener.ashx?v=111&f=earningsdate_nextweek,sh_avgvol_o500&ft=4
Follow @stockdarts Tweet Rotating tires is a basic maintenance procedure all drivers should perform in order to extend the life of their tires while also maximizing traction to insure safer driving conditions. A stock market rally does the same thing,…
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NYSE:MCP Chart Analysis & Key Resistance Points & Support Levels as of July 21, 2011 Someone in the webinar yesterday asked about key resistance points on MCP Here are the key levels i'd watch for upside resistance So if…
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Charts look good to the upside on an agreement for the U.S. debt going forward. Europe is basically considering a default for Greece, more printing but less chance the defaults spread to the rest of the PIGS. Free money, how…
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Market Recap Stocks are broadly higher with help from earnings and diminishing concerns about the European Debt Crisis. Morgan Stanley (MS) is up 9.1 percent and is a leader among the financials after the investment bank's earnings and…
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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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Why does Debt Ceiling/Limit need to be raised by August 3rd, 2011? and what could happen if its not raised? We had a long discussion in the chat about this topic today & here is an easy way to…
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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 ›