Having problems with the server at the other site. The video is posted below. Momentum is still down as a Cup with the handle forms on the S&P 500 15 minute chart, but the 60 minute chart shows prices moving sideways. Additonally, the RSI trendline on the hourly chart is being tested. If we reverse hard here it will allow the RSI trendline to hold and the histogram bars in the daily timeframe to tick below zero. Currently momentum is still down as prices are doing the sidestep.
Please make a donation today. We need your help in order for the site to function. You can donate to the left of the page by clicking on the donate button.
Watch 11-25 market update in Educational & How-To | View More Free Videos Online at Veoh.com
Books I Highly Recommend
Wednesday, November 25, 2009
Tuesday, November 24, 2009
11/24 stock market video - technical analysis
Sorry for the delay, but some Thanksgiving preparations hindered me from posting earlier. The video is posted below.
In tonight's video, I teach you the basic setups that can be used when prices drift sideways in a consolidation. If the lateral range on the hourly chart of the S&P 500 has a bearish outcome, you can capitlize on the weakness by using the basic setups. These setups are based on a bearish resolution of the base. Positions can be taken when the following occurs:
1. The intial breakdown from a consolidation.
2. The piviot reveral after a successful backtest.
3. Penetration of the minor low that occurred after the intial breakdown.
I know everyone is busy preparing to spend time with family and friends for Thanksgiving. But the response to our request for donations for the month of November has been very slim. I was wondering if you could take the time to offer your support today. In this season of Thanksgiving, I want you to know that I am truly thankful to my viewers for supporting this site.
Watch 11-24 market update in Educational & How-To | View More Free Videos Online at Veoh.com
In tonight's video, I teach you the basic setups that can be used when prices drift sideways in a consolidation. If the lateral range on the hourly chart of the S&P 500 has a bearish outcome, you can capitlize on the weakness by using the basic setups. These setups are based on a bearish resolution of the base. Positions can be taken when the following occurs:
1. The intial breakdown from a consolidation.
2. The piviot reveral after a successful backtest.
3. Penetration of the minor low that occurred after the intial breakdown.
I know everyone is busy preparing to spend time with family and friends for Thanksgiving. But the response to our request for donations for the month of November has been very slim. I was wondering if you could take the time to offer your support today. In this season of Thanksgiving, I want you to know that I am truly thankful to my viewers for supporting this site.
Watch 11-24 market update in Educational & How-To | View More Free Videos Online at Veoh.com
Monday, November 23, 2009
11/23 stock market video
Please take the time to support the site today. You can donate to the left of the page, by clicking on the donate button.
Watch 11-23 market udpate in Educational & How-To | View More Free Videos Online at Veoh.com
Watch 11-23 market udpate in Educational & How-To | View More Free Videos Online at Veoh.com
Saturday, November 21, 2009
11/20 technical analysis stock market video
Attention it's a two video weekend. I have a second video 6 minutes long on the daily charts and the A/D lines of the NYSE and the Nasdq, plus the Dollar and Gold. Both videos are posted below.
This weekend I will be teaching two new concepts on the MACD histogram and reemphasize another. Here's what you will learn this week:
1. What is a MACD histogram extreme.
2. How to compare MACD histogram peaks to MACD histogram toughs, rather than comparing the MACD histogram to price.
3. That it is a confirming close that turns a bearish m-M-m signal into a bearish trade.
Please take the time to support the site for November. You can make a donation to the left of this page at a sucured site - Paypal. Thank you!
Watch 11-20 market update in People & Blogs | View More Free Videos Online at Veoh.com
11-20 market update pt 2
This weekend I will be teaching two new concepts on the MACD histogram and reemphasize another. Here's what you will learn this week:
1. What is a MACD histogram extreme.
2. How to compare MACD histogram peaks to MACD histogram toughs, rather than comparing the MACD histogram to price.
3. That it is a confirming close that turns a bearish m-M-m signal into a bearish trade.
Please take the time to support the site for November. You can make a donation to the left of this page at a sucured site - Paypal. Thank you!
Watch 11-20 market update in People & Blogs | View More Free Videos Online at Veoh.com
11-20 market update pt 2
Watch 11-20 market update pt 2 in Educational & How-To | View More Free Videos Online at Veoh.com
Thursday, November 19, 2009
11/19 stock market video
Don't miss tonight's video. The last 15-minutes I discuss the trades of the day and teach you how to make a successful bearish m-M-m trade. Also featured is the a quick review of the underperformers, which I believe might be the new leadership lower. We also explore the weekly Elliott Wave count which ought to get the double dip reccession crowd pumped up.
I love technical analysis, don't you! I want to thank my viewers for making this site a success. I appreciate your loyal dedication to my teachings. We gave an a.m. alert that we moved to the short side by going long on some ETFs that are either ultrashorts, ultra pro shorts or 3x bear shares.
Attention: a.m. Alert
We have a 1-2-3 trend reversal on the S&P 500, a follow-through to our bearish mMm pattern, a bearish cross on the stochastic, the hourly prices on the S&P 500 are below the 20 period MA.
The descending triangle played on the intraday charts. Looks like the head and shoulders topping patterns are going to play out on the hourly charts. After we test support and the neckline, look for a short term bounce that will set up a right shoulder.
Went long at the open on SPXU, QID, TZA and a few others.
Watch 11-19 market update in Educational & How-To | View More Free Videos Online at Veoh.com
I love technical analysis, don't you! I want to thank my viewers for making this site a success. I appreciate your loyal dedication to my teachings. We gave an a.m. alert that we moved to the short side by going long on some ETFs that are either ultrashorts, ultra pro shorts or 3x bear shares.
Attention: a.m. Alert
We have a 1-2-3 trend reversal on the S&P 500, a follow-through to our bearish mMm pattern, a bearish cross on the stochastic, the hourly prices on the S&P 500 are below the 20 period MA.
The descending triangle played on the intraday charts. Looks like the head and shoulders topping patterns are going to play out on the hourly charts. After we test support and the neckline, look for a short term bounce that will set up a right shoulder.
Went long at the open on SPXU, QID, TZA and a few others.
Watch 11-19 market update in Educational & How-To | View More Free Videos Online at Veoh.com
Wednesday, November 18, 2009
Tuesday, November 17, 2009
Monday, November 16, 2009
Saturday, November 14, 2009
11/13 technical analysis stock market video
The video is posted below the week-in-reveiw commentary.
11/13 Commentary:
Freaky Friday the Thirteenth
Friday we likely saw a Freaky Friday fakeout, as the market rallied on extremely light volume. We could see a post Friday the Thirteenth scare, that could spook the market next week with the Retail Sales Report kicking things off on Monday. There is a lot of economic data next week. But on Friday, the University of Michigan reported a lower than expected consumer sentiment reading of 66.0 for November.
Further, the monthly trade deficit jumped 18.2 % to widen the trade gap by 36.5 billion. That is the highest in a decade and will greatly impact the Q3 GDP, so look for a revision in that 3.5 % GDP figure that was just recently announced back on October 29, just over two weeks ago. Additonally, the Treasury Dept. announced that 176 billion dollars of dept was racked up in October alone.
Keep your eyes on the weekly chart of the Dow and the S&P 500. Both are testing their primary trendlines. It is likely that we will see a reaction off it that will jump start a correction. But regardless, we will continue to trade the trends on the hourly charts, using the histogram and stochastic on the daily charts for guidance.
The Dow, S&P 500, and the Nasdaq are setting up head-and-shoulder topping patterns on the 60-minute charts. Thursday prices broke down from some very steep rising price channels, then successfuly backtest those breakdowns on Friday setting up the right shoulders on those potential reversal patterns.
However, caution is needed because the bearish m-M-m pattern on the S&P 500 daily hasn't been confirmed with a follow-through, nor is the Nasdaq and QQQQ in agreement with the histogram on the S&P 500 daily chart. Bars are still ticking higher on the Nasdaq and QQQQ. But the stochastic did get a bearish cross on both the Nasdaq and the S&P 500 daily charts, which increases the odd that my new shorts will play out. I went short on SDS, SPXU, and on the Small Cap 3X Bear Shares (TZA). I bought the lower high made on Thursday, seen on the hourly charts.
The S&P 500 has a confirmed Shooting Star candle reversal, the Shooting Star appeared last Wednesday, and was confrimed the following day. We have other hints of a momentum change on the S&P 500 daily chart, such as a color change on Thursday, narrow range bodies on Tuesday and Wednesday. And topping tails the last four trading sessions.
On the 15-minute charts, I show both bullish and bearish scenarios. The head-and-shoulders is the bearish outcome, while a possible symmetrical triangle is the bullish one (see last chart on page 1).
As of 11/12, I'm playing the short side via taking longs on SDS, SPXU, and TZA. Additionally, if the Qs show some weakness and get a bearish triple m-M-m pattern, I will take swing trades on QID and TYP. Go see the updated charts at the public chart list linked below.
Watch 11-13 market update in Educational & How-To | View More Free Videos Online at Veoh.com
11/13 Commentary:
Freaky Friday the Thirteenth
Friday we likely saw a Freaky Friday fakeout, as the market rallied on extremely light volume. We could see a post Friday the Thirteenth scare, that could spook the market next week with the Retail Sales Report kicking things off on Monday. There is a lot of economic data next week. But on Friday, the University of Michigan reported a lower than expected consumer sentiment reading of 66.0 for November.
Further, the monthly trade deficit jumped 18.2 % to widen the trade gap by 36.5 billion. That is the highest in a decade and will greatly impact the Q3 GDP, so look for a revision in that 3.5 % GDP figure that was just recently announced back on October 29, just over two weeks ago. Additonally, the Treasury Dept. announced that 176 billion dollars of dept was racked up in October alone.
Keep your eyes on the weekly chart of the Dow and the S&P 500. Both are testing their primary trendlines. It is likely that we will see a reaction off it that will jump start a correction. But regardless, we will continue to trade the trends on the hourly charts, using the histogram and stochastic on the daily charts for guidance.
The Dow, S&P 500, and the Nasdaq are setting up head-and-shoulder topping patterns on the 60-minute charts. Thursday prices broke down from some very steep rising price channels, then successfuly backtest those breakdowns on Friday setting up the right shoulders on those potential reversal patterns.
However, caution is needed because the bearish m-M-m pattern on the S&P 500 daily hasn't been confirmed with a follow-through, nor is the Nasdaq and QQQQ in agreement with the histogram on the S&P 500 daily chart. Bars are still ticking higher on the Nasdaq and QQQQ. But the stochastic did get a bearish cross on both the Nasdaq and the S&P 500 daily charts, which increases the odd that my new shorts will play out. I went short on SDS, SPXU, and on the Small Cap 3X Bear Shares (TZA). I bought the lower high made on Thursday, seen on the hourly charts.
The S&P 500 has a confirmed Shooting Star candle reversal, the Shooting Star appeared last Wednesday, and was confrimed the following day. We have other hints of a momentum change on the S&P 500 daily chart, such as a color change on Thursday, narrow range bodies on Tuesday and Wednesday. And topping tails the last four trading sessions.
On the 15-minute charts, I show both bullish and bearish scenarios. The head-and-shoulders is the bearish outcome, while a possible symmetrical triangle is the bullish one (see last chart on page 1).
As of 11/12, I'm playing the short side via taking longs on SDS, SPXU, and TZA. Additionally, if the Qs show some weakness and get a bearish triple m-M-m pattern, I will take swing trades on QID and TYP. Go see the updated charts at the public chart list linked below.
Watch 11-13 market update in Educational & How-To | View More Free Videos Online at Veoh.com
Thursday, November 12, 2009
11/12 stock market video - technical analysis
The Shooting Star candle pattern on the S&P 500 daily chart is now confirmed. That candle pattern was on of the things that prompted me to jump back in on the short side today and close my SSO position.
I went short on the market today by going on long on the Ultrashort of the S&P 500 (SDS), the UltraPro Short of the S&P 500 (SPXU), and the Small Cap Bear 3X Shares (TZA), These are swing trades.
Their hourly charts put in a higher low during the session. After TZA got the higher low, it put in a reversal bar (pivot point), and went on to breakout of its falling price channel. SDS and SPXU didn't breakout of their channels, but they did the higher low I was looking for, followed by a reversal bar on the hourly chart.
Moreover, the S&P 500 got a bearish m-M-m pattern today. However the Nasdaq and Qs didn't confirm the histogram pattern. If the S&P 500 gets a follow through on the bearish triple M pattern, we may see the Qs and the Nasdaq follow suit. I like to see the averages confirm each other. But this is the signal that I keep telling you to watch, as it tells us whether momentum is up or down.
The Russell 2 K also got a bearish triple M pattern and is featured in tonight's video.
If the QQQQ gets a bearish m-M-m pattern tomorrow, I will add to my short swing trades by taking longs in the technology sector on the Ultra Short QQQ (QID) and the Technology Bear 3X Shares (TYP).
Tonight's video is very important, so don't miss it!
Watch 11-12 market update in Educational & How-To | View More Free Videos Online at Veoh.com
I went short on the market today by going on long on the Ultrashort of the S&P 500 (SDS), the UltraPro Short of the S&P 500 (SPXU), and the Small Cap Bear 3X Shares (TZA), These are swing trades.
Their hourly charts put in a higher low during the session. After TZA got the higher low, it put in a reversal bar (pivot point), and went on to breakout of its falling price channel. SDS and SPXU didn't breakout of their channels, but they did the higher low I was looking for, followed by a reversal bar on the hourly chart.
Moreover, the S&P 500 got a bearish m-M-m pattern today. However the Nasdaq and Qs didn't confirm the histogram pattern. If the S&P 500 gets a follow through on the bearish triple M pattern, we may see the Qs and the Nasdaq follow suit. I like to see the averages confirm each other. But this is the signal that I keep telling you to watch, as it tells us whether momentum is up or down.
The Russell 2 K also got a bearish triple M pattern and is featured in tonight's video.
If the QQQQ gets a bearish m-M-m pattern tomorrow, I will add to my short swing trades by taking longs in the technology sector on the Ultra Short QQQ (QID) and the Technology Bear 3X Shares (TYP).
Tonight's video is very important, so don't miss it!
Watch 11-12 market update in Educational & How-To | View More Free Videos Online at Veoh.com
Subscribe to:
Posts (Atom)
