Well the major indices were looking poised again for another breakout but this morning we’re down. Fortunately for us breakout traders, no breakout means no losses.
S&P OVI I have to sa…
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GS continues with its breakout to the upside – Remember, I highlighted this last Tuesday (27th July). It was forming a Bull Flag / Pennant at the time and it broke out on Thurs…
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Please watch the short video here.
Yesterday I sent you an email which included analysis about the GLD Bear Flag, which subsequently broke down beautifully in our favour. &nbs…
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The constructive price action has continued on the major indices in a minor way, but there is mooted OVI follow through. The OVI is still mildly positive on the QQQQ, and neutral on the S&…
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The markets are still volatile with large daily swings up and down.
The basic patterns remain pretty bearish and the OVI for the S&P and Nasdaq are also negative, while the Dow …
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As you must know by now, my trading mantra is: “Trade What You See”.
Having an opinion can be very costly in trading and you’re always better off not having one! Just trade wh…
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Friday’s afternoon session saw a massive rally on the indices and across the board. By some luck as well as judgement (I was a bit wary about the impact of the Employment Report so …
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Yesterday’s late rally suggests a wider retracement for the next few days. Current bear flags may turn into rounded bottoms, and weaker stocks will consolidate further until the next…
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All the major averages have broken their rising trendlines on big volume so it’s bear flags all the way from now.
I think we’re headed for a MAJOR correction that will give us several oppo…
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Wow, high drama in the markets yesterday and the conspiracy theorists are all coming out of the woodwork!
Let’s skip all the hyperbole and focus on prices. As mentioned yesterday, t…
