Stabilization?
We had the exact opposite action compare to yesterday, plunging 200+pts in the last hour after a failed recovery attempt. Banks were devastated again and led to relentless selling in many stocks. Breadth wasn’t...
Read MoreAuthor: Jeff Pietsch
08.10.11 – S1 Holds/ Trend Day Averted
The SPY S1 level held firm for a prospective higher low today. This is technically positive, but the fundamental prospects of a systemic expansion of this two-week event looks more and more possible. We are riding...
Read MoreWhen Does Oversold Become a Sell Signal?
My favorite short term indicator the DVB is not having a happy time of it, doggedly signalling long, but the market has been stubbornly refusing to listen…. Trading the indicator via the basic method of long...
Read MoreForecast-Free Algorithms: A New Benchmark For Tactical Strategies
We all spend most of our time creating strategies with the promise of “alpha”—excess returns adjusted for risk to some benchmark. The most desirable strategies for many traders/investors are tactical asset...
Read MoreRough Start
60 minutes in today and over 400 points down. GLD and TLT are the winners, followed. humbly, by GDX. We’re seeing a retreat to many S1 and S2 support levels and will probably retest yesterday’s low...
Read MoreGLD & GDX Shine
A recap of today’s action shows the late afternoon post FOMC plunge that had more than a few traders staring into the potential abyss about another 600 points down. But, with a whopper surprise the markets shot up at...
Read MoreThe World Is Not Ending Rally
Vicious whipsaws from last night carried over to the open and Fed announcement. Not many were expecting QE3 today and we may have priced that in yesterday. Goldman Sachs helped to the bulls with some speculation that...
Read MoreDow:Gold Ratio Update 8-9-11
The waterfall crash...
Read MoreAugust 2011 FOMC Statement Markup
Blue-lined markup comparison of the July versus August Federal Open Market Committee statements below [graphic fixed; I had statements reversed]. Economics Considerably Slower Than Expected Will Consider Easy Money from Rate...
Read More08.09.11 – Fed Day Floor?
I’m on the road and unfortunately can’t do a full analysis of the Fed release in a few minutes. Recall that the first move/ reaction isn’t necessarily the...
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TraderPlanet’s Quick Guide to Candlesticks
