Archive for the ‘Technical Analysis’ Category
It didn’t dawn upon me when I first started trading, but now, come to think of it, is there ever a confirmation in Trading? Yes. After the “signal” given by the indicators, we shall wait when the price goes to a certain level before we know that the move is “confirmed”. In the chart above, [...]
Last week: SOLD 30 SCG @33.21 This week: Utilities XLU – Resistance @ 28.70 – 29.60 POM – Resistance @ 14.60 – 15.40 PNW – Resistance @ 33.30 – 34.40 XEL – Resistance @ 20.70 – 21.30 CMS – Resistance @ 12.90 – 13.70 AEP – Resistance @ 32.00 – 33.10 DTE – Resistance @ [...]
Today I used support and resistance. Here’s the screenshot when I exit the 2nd trade:
Futures spread trading is similar options spread trading. It involves buying/selling the spot month contract and selling/buying the next quarter contract. Spread traders take advantage of the difference in speed of movement of both contracts to profit or minimize losses. For example, if you are bullish on the Russell 2000 index, you will long
Yesterday I traded 2 counters – GS & BA. The trade on GS was a strangle strategy inspired by akalawoo’s Google Trading System. Buyin a strangle at yesterday’s market close and wait for the volatility to earn you profits. The trade on BA was an intraday trade that I developed myself. To date, I’ve been [...]
Technicals AAPL was following a steady trend after 18 September until 24 Septemeber when Citigroup upgrades to BUY. It broke out of the nice little uptrend resistance I have drawn since late August. A gap of $2. A situation like that, especially for a good day trading stock like AAPL, calls for a retracement first [...]
The market rides on the deal between GM and UAW and goes up again. Although it is a bullish day, the $TRIN was very near 1 and the major indices pulled back from recent highs. The candles of the 3 benchmarks are like side by side even though there were more up days. Current resistance: [...]
Technical Report by: Jim Ellis, TimeFrameInvestor.com Overall this has been a fairly slow day as people have taken a step back to digest and figure out just what impact the fed rate cut will have. They are also trying to digest what it means as the dollar has plummeted to lows that have not been [...]
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