Not only are the indices stuck in a range but now they’re also diverging to some degree. The NASDAQ showed some good strength last night whilst the Blue Chips struggled. The NASDAQ has shown the more impulsive patterns off the March lows but more often than not its the Blue Chips that set the agenda. At this stage the Blue Chips, that is the S&P 500 and Dow Jones, are range bound with important supports just below still not out of play. The major support in the S&P stands at 879.0 but there is scope for several developing patterns, namely a bullish flag or a bearish Head & Shoulders. We’ll examine both those tonight but for now we’re jammed in a range without any trend conviction. Daily momentum is down.
Latest Videos
- Your Money Your Call – Jan 2009 July 11, 2010
- CNBC Trading Matters – Dec 2008 July 11, 2010
- The Chartist Overview July 11, 2010
- Long Term Trading – Growth Portfolio July 11, 2010
- Short Term Trading – US Power Setups July 11, 2010
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 […]
Privacy Statement |
FSG |
Risk Statement |
Copyright & Confidentiality Agreement |
Refund Policy
Digital Organics Web Design & Internet Marketing
Digital Organics Web Design & Internet Marketing
© Reef Capital Coaching 1999 - 2010
Phone: +617 5473 5743
Suite 1/ 21 Sleepy hollow Drive
Noosa Heads QLD 4567
AFSL 288200
Phone: +617 5473 5743
Suite 1/ 21 Sleepy hollow Drive
Noosa Heads QLD 4567
AFSL 288200
Facebook comments: