Reversals

OVI Market Update

OVI Market UpdateWhile the broad markets make record highs poor old AAPL is making 12-month lows.  Remember, you only want to enter a trade where all the planets are lining up and it’s a no-brain…

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A Very Important Chart Pattern

Important Chart Pattern – Railroad Tracks in the Country
 On Monday both AAPL and AMZN formed the identical chart pattern, but AAPL was going in one direction and AMZN was going in the other. &nb…

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A Classic Reversal Setup

I just had to show you a classic reversal setup that I saw last night.  SPYIn the chart you can see a Doji bar setup where there is also a 20-day extreme in price.  Here it’s a price high,…

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The Market is on Vacation

Well, sometimes you just have to allow the market to have rest.  Right now we’re seeing a lot of churning and many stocks exhibiting neutral or nondescript OVI readings.  That’s fine … the…

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S&P Teasing its Support Level

The S&P has been traversing sideways for a month or so now … which just happens to coincide with the OVI being negative during the same time period.  Coincidence?  Come off it! &nbs…

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Market Update – Pullbacks

Today’s theme is Pullbacks – seems to be rather topical I’d say! Gold and Silver pulled back big time yesterday but it shouldn’t have been a problem if you use our trendlines to manage your trade…

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