This author has not written his bio yet.
But we are proud to say that admin contributed 1689 entries already.
March 11th 2010 So far this week has been pretty slow. Large cap stocks continue to lag the market which can be observed by looking at the Dow Jones Industrial Average which still has room to move higher before breaking the January high. One important thing to note is that volume has picked up this […]
Last week was exciting as we saw stocks and gold close above the February highs which confirms we are in a new up trend. The question everyone is wondering is: . How far will this market go before rolling over? This is a tough question but we can get a good feeling about the risk […]
March 3th It’s been a great year for trading! So far February, last week and this week have being absolutely amazing for both swing traders and intraday traders. On February 5th we had extreme panic selling with nearly 35 sell orders for every 1 buy order on the NYSE. That extreme panic and dumping of […]
Three weeks ago on February 5th, we saw an extremely high level of fear in the market with selling vs. buying volume at a 9:1 ratio. We note that in 2009 this extreme level of fear occurred at the bottom of each significant pullback. Since this panic selling low in February 2010 we have seen […]
A couple months ago I started providing more of my intraday charts in hopes to educate traders on current market conditions so they feel like they are “in the zone” for trading. It’s crucial to understand the intraday moves and volume levels if you want to be consistently profitable trader. It doesn’t matter whether you […]
This week has been playing out as we expected. Last week we saw the market rally on light volume into a resistance zone on the daily chart. Light volume rallies are always a warning sign, much like the “Calm before a Storm”. The way I look at bearish price action: The First Heavy Selling Volume […]
Feb 21 2010 Last week was strong with stocks and commodities moving up sharply. As nice as it was to see a rally, I still have my doubts whether this move has legs behind it. As prices moved higher throughout the week we saw volume become thinner and thinner. Basic technical analysis of the recent […]
This report is a mix of both current market action and educational material on how stocks and commodities trend (move). Since mid October I have been on the look out for the market to top or make a multi wave correction. The market did top in January and has formed an ABC retrace (3 wave […]
Over the past month the gold and silver markets have taken a good drubbing. Silver has dropped from 19.50 to 15.00 and gold from 1227 to 1044 as the US Dollar has finally rallied after a long drawn out correction. Since the advent of ETF’s market players have been able to invest in gold and […]
Last week ended on a positive note with stocks and commodities pushing higher into Friday’s close. The market overall is looking very unstable here and this week I figure there will be some big price movement. Below are the charts on the DIA, GLD, SLV, UNG and USO funds so you can get a feel […]