Author: Jeff Pierce
Markets Will Be Hypersensitive to “News”
After completing the double top the Nasdaq started to experience weakness and negative divergence on the RSI foretold the recent declines. Had it not been the tragedy in Japan than was the catalyst it would have been some other...
Read MoreUS Dollar Should Bounce At Support
There are two time-frames (wkly/monthly) below of the Dollar that basically show the same thing. The dollar is currently at long term support with multiple indicators suggesting that we’re going to bounce here in the face...
Read MoreDon’t Be a Hero in This Market
Even with a late day bounce these markets are very dangerous and have the potential for a big flush out. Look no further than the Nikkei to see how far of a percentage drop is possible when fear takes over trader’s nerves....
Read MoreDivergence in Sentiment Indicator
. While the AAII Bullish Sentiment is starting to fall, which could indicate that the markets could be getting ready to bounce, the S&p Sentiment remains near it’s highs. What I take from this chart is that the S&P...
Read MoreNasdaq Summation Breaks Support
I’ve had mixed success in using this as a market timing indicator. It often gives false signals and you can’t really trust the first signal that is given. However I’m finding that the best way to use this...
Read MoreCommodities Join The Correction
It was good to see gold and silver join in the fun and hopefully we’ll get that correction in the metals market I’ve been expecting. The TSX has gone from being very strong to technically a train-wreck. Given that...
Read MoreMicro-Trend Trading for Daily Income
The following is a book review by Stephen Burns. Using Intra-Day Trading Tactics to Harness the Power of Today’s Volatile Markets Dr. Thomas K. Car’s books title really surprised me. When the volatility in 2008 got...
Read MoreUsing Market Internals to Determine Direction
As I was scanning over some of my secondary indicators I noticed a pattern within the ADX indicator on the Nasdaq Advance/Decline that we’ve seen before and I feel is worth paying attention to. I suspect when the coiling...
Read MoreFocus on Russia
Based on the strength of the 2yr, and the recent breakout on the daily chart, the Russian ETF (RSX) is looking attractive, if it can manage a little bit more of a pullback. I indicated by the aqua box below the area where it...
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