Archive | May, 2010
May 31st 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Neutral A quiet session ahead of tonights US public holiday. All eyes will be focused on Europe again as Spain comes under further pressure which yet again means probably more volatility. Spain is much more of a threat to market stability than what Greece is/was. We [...]
Continue reading...The Chartist Weekly Roundup
28. May 2010
Long Term Trading Oil Below $70? Traders will monitor the $70 level for the price of crude, as it is approaching long term support at $68 area. In the case of the United States Oil Fund … Gold will soar in the long-term – but right now, traders should be careful I remain wildly bullish [...]
Continue reading...27th May 2010
27. May 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Neutral A good performance today with last Fridays lows remaining firmly in place. Our ASX-200 (XJO) review last Friday did suggest 5-waves down had completed and that a counter trend bounce toward 4600 – 4700 could be readying. The last few days have not been overly [...]
Continue reading...26th May 2010
27. May 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Neutral Eyeballing charts tonight I don’t get a confident feeling about todays activity. I liked what happened in the US last night, but looking at individual price charts I can’t claim that it was an overly strong day. Many stocks, the majority, closed well of their [...]
Continue reading...May 24th 2010
24. May 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Neutral Many of the Type-A bullish divergences we mentioned on Friday night have triggered. Todays follow through after friday was an exceptionally strong performance and bodes well for an ongoing bounce. The only concern is the US. We weren’t convinced of its performance on Friday so [...]
Continue reading...21st May 2010
21. May 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down Today showed all the hallmarks of a blow-off low; wide range, high volume and high closes. There are numerous stocks exhibiting Type-A Bullish divergence and these blow-off traits. A good combination. The only issue I have is that the the ranges today were very large [...]
Continue reading...The Chartist Weekly Roundup
21. May 2010
Long Term Trading The panic is over. But for how long? The Dow shot up more than 400 points, or nearly 4%, while the S&P 500 and Nasdaq were each trading more than 4% higher. So was last week’s market slide the … Make markets safe for the small guys Although they get plenty of [...]
Continue reading...20th May 2010
20. May 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down Today felt like a real wash out day with heavy volume selling across stocks and the currency. The AUD was ripped apart. Our Type-A bullish divergence that we’ve also been watching has also failed to materialize. The market closed hard down on heavy volume. We’re [...]
Continue reading...19th May 2010
19. May 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Neutral Another weak day and it’s looking gloomy across the board. One thing that we’re starting to see now is the creation of bearish continuation patterns meaning that the down trend is established enough to be trading with it rather than against it. As these pattern [...]
Continue reading...17th May 2010
17. May 2010
Weekly Trend: Down Daily Trend: Down Daily Momentum: ___ Down Todays dive was enough to slap momentum back into line with the daily and weekly trends. Our contention that a move through the May 7th lows seems on the cards, indeed today was the lowest close since September 7th last year. More weakness should follow [...]
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Latest Share Trading Articles
- The Hidden Strengths of Volume Analysis (part 2) September 19, 2010In the last article I discussed two examples of how and why volume can show the changing face of supply and demand. When the order of supply and demand is change we will get a change in market direction, sometimes a significant change in trend or otherwise some degree of retracement of the prior move. [...]The Hidden Strengths of Volume Analysis (part 2) is […]
- The Hidden Strengths of Volume Analysis (part 1) September 19, 2010The power of correct volume analysis cannot be overlooked. Unfortunately the ability to read volume correctly is not readily discussed or freely available. Off-the-cuff remarks such as, “increased volume on advances is bullish and increased volume on declines is bearish” are bantered around but that’s as far as it goes. The correct use and application [...]T […]
- The Psychology of Trading September 19, 2010The most important part of investing and trading is psychology. Investing is a constant struggle where the battleground is not the market or advice given but comes from within you. You will face stress over losses, you will be in turmoil in deciding to enter or exit a position and it will place many demands [...]The Psychology of Trading is a post from: Shar […]
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31. May 2010
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