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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If you were long the indices (and TRADING WHAT YOU SEE!) you’d have been well rewarded as the Dow, S&P and Nasdaq followed through with their respect breakouts, with their respec…
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A Head & Shoulders or a Reverse Head & Shoulders … That is the question!
Some quite constructive patterns were being formed in the markets but remember, bearish mark…
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A nice 5-day swing on the major averages and many leading stocks but on progressively shrinking volume. The Nasdaq (and GS) OVIs are positive as well, but I’m still of the mind…
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Just a quick update this time as I’m travelling on business.
We’ve had an extraordinary record with the OVI showing us the way of the markets well in advance of the big moves …
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Well, as I wrote before yesterday’s action, and as I discussed in my Private Traders Club Members webinar, this is a bearish market, and Tuesday’s breakdown was no surprise except in…
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No upside follow-through from Friday’s Doji bar on the main indices, and no upside follow-through from GS either.
From a trading standpoint that’s fine as none of our breakout …
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Do not be surprised if we have a short term upward reversal this coming week.
The S&P and Dow both exhibited doji bars on their cash indices and their ETFs on Friday. &nbs…
