Blog Profile / Afraid to Trade
| URL : | http://blog.afraidtotrade.com/ | |
|---|---|---|
| Filed Under: | Business & Finance / Investing | |
| Posts on Regator: | 336 | |
| Posts / Week: | 2.9 | |
| Archived Since: | February 23, 2011 | |
Blog Post Archive
Intraday Reversal or Breakthrough for SP500 Oil and the Dollar for August 8
If you are a swing trader, it can be helpful to drop to the intraday or lower frames to assess the current structure and indicator combinations to plan your next plays. Of course, intraday traders will be keenly aware of the indicator signals and key levels, but it can help to put your market in the [...]
August 6 Fibonacci Checkup and Plan on the S&P 500
Let’s take a moment to update the long-term and short-term Fibonacci Retracement grids for the S&P 500, taking note of which levels are in play at the moment. For that, let’s start with the larger Weekly Chart perspective: These levels are the dominant Fibonacci Retracement Levels against the 2007 Bear Market decline. I highlighted regions where price stalled [...]
Triple Index Trend Channel Surfing Update August 3
From a chart perspective, the big news is that the main US Equity Indexes continue to trade within the clear trendline boundaries of a parallel trendline channel. Let’s take a quick look at the new boundaries and structural levels to watch after another successful week in the pattern. First, the S&P 500 Daily Chart: As mentioned in the [...]
Carefully Watching Initial Breakout and Resistance in Gold
We’ve been following the long-term Support Shelf in Gold near $1,550 along with the declining “triangle” trendline, awaiting the possibility for a breakout in gold prices. What started as an initial triangle break seems to have stalled at the first resistance target, so let’s update the charts on Gold and highlight the key [...]
SP500 Continues to Surf the Flag Trendlines
As we update the current picture of the S&P 500, we find that not much has changed from last week’s mid-week update, at least in terms of the “Bear Flag” Trendline Boundaries. Let’s take a quick look at the current SPX price pattern boundaries and how to develop a game-plan. Refer to the previous “July 18 SP500 [...]
Midweek Flag Trendline SP500 Update
We’re hearing much talk about the potential Bear Flag pattern on the S&P 500 Daily Chart. Let’s take a mid-week update on the pattern and note the current key price boundary levels to watch for clues. First, here’s the S&P 500 Daily Chart trendline structure: Moving from right to left, we see the current “Bear Flag” consolidation pattern [...]
Still Waiting for a Triangle Breakout in Gold
The current consolidation pattern in gold continues, yet the boundaries are narrowing ahead of an expected breakout from the structure. Let’s start with the larger Weekly Chart picture and then highlight the key levels to watch going forward: A simple price chart reveals the primary uptrend that was interrupted with a year-long retracement during 2008 with a [...]
Updating SP500 Structure and Support for July 9
The S&P 500 currently rests near a midpoint of the recent swing high and low, but there’s a key support level we’re watching for clues as to which level to target next. Let’s update the current S&P 500 near-term support and structure chart, starting with the Daily Frame: Keeping the chart as simple as possible, the key [...]
Join Corey at the World Money Show San Francisco in late August
I wanted to invite you to join us at the World Money Show in San Francisco which will take place August 24 – 26, 2012. The Money Show is a great opportunity for investors and traders of all experience levels to come together and learn new strategies or techniques, as well as network with each other [...]
Mid-2012 Sector Rotation Signal Checkup
With half of 2012 behind us, let’s take a quick check of what the Sector Rotation Model is suggesting, both from a Year-to-Date perspective and from the 2012 peak so far. First, let’s update Sector Performance Year-to-Date: The Sector Rotation Model classifies the major sectors into two broader categories: Offensive or “Risk-On” Sectors (such as Technology and [...]
June 28 Midweek Triple Index Resistance Check
With Thursday developing into another big news day, let’s take a quick morning check on current daily resistance (or key) price levels and what to watch from here (upper and lower short-term targets) in the US Equity Markets. First, the S&P 500: Let’s discuss the current conditions which apply to all indexes. First, June gave us an initial [...]
June Distribution Volume Continuing in Stocks SPY
I’ve been highlighting the trend of distribution volume in the SPY (S&P 500 ETF) since April, and that trend continues presently. Let’s take a quick update on what volume suggests about the health of the stock market: We continue to see phases of Distribution Volume as price rallies and retraces from May to present. To recap, one of [...]
Quick Glance at the Intermarket Landscape to end June
As June winds to a close, let’s take a quick look at the current Risk-On/Risk-Off trends within the Intermarket Landscape. Here’s the current Cross-Market Picture: For a quick review, the way we interpret the line chart above is to divide the broader markets into “Risk-On” or “Risk-Off” markets: “Risk-On” Markets include Stocks and Commodities (shown above with Gold [...]
Mid-June Triple US Stock Index Open Air Impulse Check
US Stock Market Indexes have rallied into the initial resistance level accordingly, and now appear poised to break through these levels with the favorable outcome in the Greek election over the weekend. Let’s take a quick glance at the current daily resistance levels that price could shatter this week on a push through a visible “Open [...]
June SP500 Breadth Divergences and Reversals
Monitoring Market Internals – particularly Breadth – tends to be very helpful for short-term traders to asses market strength or weakness, particularly during a mature rally or decline. Let’s take a look at the current state of Market Internals and how they have been effective for trading intraday trend reversals and breakthroughs. The simple price chart above [...]
Quick Midweek Triple Stock Index Support Check
Following up from last week’s post on “Triple Stock Index Key Levels,” let’s take a quick mid-week update on what’s happened and what support levels continue to be key focal points in the “Big Three” US Stock Market Indexes. Let’s start with the S&P 500: The prior update focused on the 1,300 support bounce with the 1,275 [...]
Watching Converging Trendlines in Gold June 4
After a stellar move higher in Gold, price now faces a challenge of converging trendlines into the $1,630 area. Let’s take a quick look at the current price level and develop a simple game-plan from there. Here’s Gold (futures @GC) on the Intraday Hourly “Structure” Chart: I drew two simple price trendlines that connect as many price highs [...]
Join Corey Live June 7th for Range Day Trading Webinar
I’m excited to announce and invite you to a live webinar/webcast from the Dallas Traders Expo on Thursday, June 7th on how to Identify and Trade Range Days. The live event will take place in the evening after market close at 5:45pm CST (6:45pm EST) and will be broadcast from the Expo: In the session, we will [...]
Watching the Weekly EMA Stock Market Key Levels
It’s not common when the 20 and 50 week EMAs play a key role in providing both support/resistance as is the situation currently. Let’s take a quick reference glance at the S&P 500, Dow Jones, and NASDAQ weekly charts to highlight these key EMA compression levels and what this means for the current structure. First, the S&P [...]
Signals from Staples and Discretionary Sectors XLP and XLY
I find it helpful to step inside sector performance when assessing the health or potential weakness ahead for the broader Stock Market. Let’s take a look at recent signals before and after the sharp May stock sell-off along with what signals appear currently. First, let’s compare the Consumer Discretionary (Retail) Sector with the Consumer Staples Sector, both [...]