One of our member/student wrote a valuable comment about sideway/choppy Market. I would like expand on it. Market has various stage which includes Recovery Stage, Accumulation stage , Bull Stage or Run up stage, Consolidation stage that can turn into next Bull stage or turn into Distribution …
Read moreRecognizing the Market's Trend and Trading Appropriately.
Evening folks! UP week for the markets with the nasdaq and rusell2k leading the way. We got the oversold bounce off the 50dma that we were looking for. It wasnt easy as we did break below briefly and then start the bounce. This week will be key to determining whether we are just experiencing …
Nasdaq: -1.57% S&P 500: -2.10%Dow: -2.23% Russell 2000: -2.30% Evening folks! Lots going on in the markets! August is always the trickiest month of the year it seems. We are starting to see a bit of selling in the markets and have started to crack multiple layers of suport. Our multi week consolidation along with …
Nasdaq: -0.80% S&P 500: -1.07% Russell 2000: -1.08% [screencast url=”http://screencast.com/t/5BOjBDXRj” width=”” height=””] [screencast url=”http://screencast.com/t/joDXtWja” width=”” height=””]
Nice week for the markets last week. We finally came out of the consolidation that we had been in for the last couple weeks. Summer usually has been the slow time of the year but this year you get a sense that everyone is pushing their chips in to grind out as much possible …
Evening folks! flat week in the markets as we are consolidating our previous gains as the market works off its overbought condition. We have a lot of potential catalysts this coming with with many more earnings releases along with Gdp report and jobs number. August since I have been trading has always been the …