Tag Archives: Price Action

Price Action

Posted on 04/12/2012

Distance traveled…Spu’s gave you 20 points…anything into the 1386-88 will be overdone today, just as the low 1350’s were overextended on the downside Tuesday. EWZ…has hit near term resistance. new closing strength is needed over 63.57 for more upside. AUD/USD…104.40-50 … Continue reading →

7/28/11

Posted on 07/28/2011

The big scalp continues. Higher highs or lower lows should be treated with suspicion today. The probability is that traders get trapped both ways today as the drama unfolds. Given yesterday’s low in the Russell I think the odds are … Continue reading →

Stock Indices

Posted on 07/20/2011

ETF Traders When in doubt keep your money and do nothing. As of now do NOT buy any stock indices. WAIT. I would rather miss something than lose money! Futures traders…have Fun playing the game during the night session. It … Continue reading →

Price Action…Risk On…Oil,Miners,Gold

Posted on 06/21/2011

There are many instruments showing bottoming chart patterns. Yesterday we spoke about the Oil Etf’s, today should have you looking to the Miners for value: GDXJ,NEM,PAAS,BHP,FCX,SLW all have similar patterns… A close today in AAPL above 320.30 is positive, further … Continue reading →