Hi Everyone
If you were long the indices (and TRADING WHAT YOU SEE!) you’d have been well rewarded as the Dow, S&P and Nasdaq followed through with their respect breakouts, with their respec…
Hi Everyone
A Head & Shoulders or a Reverse Head & Shoulders … That is the question!
Some quite constructive patterns were being formed in the markets but remember, bearish mark…
Hi Everyone
A nice 5-day swing on the major averages and many leading stocks but on progressively shrinking volume. The Nasdaq (and GS) OVIs are positive as well, but I’m still of the mind…
Hi Everyone
Just a quick update this time as I’m travelling on business.
We’ve had an extraordinary record with the OVI showing us the way of the markets well in advance of the big moves …
Hi Everyone
Well, as I wrote before yesterday’s action, and as I discussed in my Private Traders Club Members webinar, this is a bearish market, and Tuesday’s breakdown was no surprise except in…
Hi Everyone
No upside follow-through from Friday’s Doji bar on the main indices, and no upside follow-through from GS either.
From a trading standpoint that’s fine as none of our breakout …
Hi Everyone
Do not be surprised if we have a short term upward reversal this coming week.
The S&P and Dow both exhibited doji bars on their cash indices and their ETFs on Friday. &nbs…
Hi Everyone
Once in a while the markets give us what most traders fear the most … the dreaded outside bar! An outside bar occurs where today’s high is higher than the previous day’s (or …
Hi Everyone
Just a quick update on yesterday’s OVI readings. The Dow and S&P’s OVIs crossed to the upside (the S&P only just) but curiously the Nasdaq’s OVI turned slightly down.
…
Hi Everyone
(Please note the OVI charts are Monday’s as Tuesday’s are still being calculated as I write this note)
Well the Double Bottom held and we’ve seen strong action on the main indices as they …
