Blog Archives

The Week in Crayons

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

Posted in Charting & Analysis, Charts, Commentary, Futures, General Trading, Indicators

The Week in Crayons

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

Posted in Charting & Analysis, Charts, Commentary, Futures, General Trading, Indicators

Stockguy22 Level 2 Chart Display

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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Posted in Charting & Analysis, Commentary, Futures, Indicators

The Year in Crayons

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

Posted in Charting & Analysis, Charts, Commentary, Futures, General Trading, Indicators, Stocks

The Week in Crayons

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

Posted in Charting & Analysis, Charts, Commentary, Futures, General Trading, Indicators, Stocks

The Week in Crayons

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

Posted in Charting & Analysis, Charts, Commentary, Futures, General Trading, Indicators, Stocks

Correlation between price action and VIX

Some background information for new traders about the VIX. A simple Google search has ‘several’ results for the question: “What is the VIX?” VIX is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Often referred

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Posted in Charts, Commentary, Currencies, Futures, Indicators, Options, Stocks

stockguy22 ThinkorSwim Advanced MACD Indicator

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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Posted in Commentary, Futures, Indicators, Stocks