Author: Chuck Kowalski

Could the dollar possibly move higher?  This certainly is not a popular trade at the moment and we might not see an actual buy setup, but one is forming on the charts.  I like trading wedges and there is one setting up...

Traders should have been looking for a breakout day as the market has been consolidating in a narrow range and a breakout was imminent.  A large gap lower was all the indication you needed to play the downside of the...

We haven’t seen many trend days in the last six months that were downtrend days, so Tuesday might have caught the routine traders by surprise.  The market opened on the highs for the day and steadily sold off all...

The Dow has been the strongest stock index recently and the activity is picking up just a bit.  The underlying theme is that the market just wants to go higher and there is usually some type of reversal in the morning if...

If the market rallies on bad news, you can certainly expect it to rally on good news.  The ADP report this morning gave the markets all the ammunition they needed to rally today.  It was a subtle open this morning, but...

Some daytraders prefer to attack the market right from the open, but I have found that it is best to wait for my trade setups.  There was a nice setup this morning that carried over from trading on Tuesday.  The market...

It is often a sign that the market will trend higher throughout the day when the emini establishes a low for the day in the first couple 5-minute bars.  You might say – How are we supposed to know the low is in until...

As a trader, you have to continuously adjust to market conditions.  The market is grinding higher, which is very similar to last year when it seemed to go up day after day for no logical reason.  We have been back in...

The market made a solid breakout higher of the triangle formation, after a subtle fakeout reversal a few days earlier.  Some traders like to play the reversal trades, which is selling a touch of the trendline or a break of...

The mini Dow broke out of a triangle formation on Tuesday, but failed to follow-through.  This sets up an interesting trading day for Wednesday.  Do you buy the market with the expectation that it has broken out and...