Author: Edge Trader Plus

Tuesday  11 May 2010  There is no compunction to be involved in the markets everyday, save for the non-professionals who “feel” the need to catch every move each day.  We have talked about the parameters being...

Saturday  8 May 2010  If you cannot put the market into a cohesive context, do not trade it.  When there is question as to where the market is or what it may do, the default decision-making process most often devolves to an...

Friday  7 May 2010  A picture being worth the proverbial 1,000 words, a look at a daily chart shows what may likely be the defined trading range parameters for some time.  The top of the bar is where supply entered the market...

Friday  7 May 2010  [This is a market commentary with no specific recommendation.]  The best laid plans gone awry!  Just as we think we have properly analyzed what may unfold, it could not have been as  far off as it was.  The...

Thursday  6 May 2010  It has been an arduous rally in stocks since the March 2009 low, but we are of the mind that it is over, done, finished.  It cannot be repeated enough times: Knowledge of the trend in which you are trading...

Wednesday  5 May 2010  The daily chart was printed at 9:30 a.m., CST, to provide a quick look at what may be developing.  Since the sell recommendation on Friday, price has reached an oversold condition.  Bear in mind that...

Tuesday  4 May 2010  Yesterday, we stated we were short from the 1187 area and gave longer term chart perspectives as to why price may decline.  After Friday’s steep drop, three possibilities could develop for Monday,...

Monday 3 May 2010  Not a Chinese proverb!?  Ah, but we digress.  What do we now know, and why may this be an interesting time?  From “China” to England we go in pursuit of a Holmesian deduction. Sherlock Holmes would...

Friday  30 April 2010  It is the end of the week and the end of the month for printing chart closes.  There may be some “window dressing” going on to make things look as good as possible.  Who knows, who cares?  We...

Thursday  29 April 2010  The single-most important bar right now is on the 60 minute chart.  It is the high volume bar that spilled to the downside when price broke on Tuesday.  That is where supply [sellers] entered the market...