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Blog Profile / Afraid to Trade

Filed Under:Business & Finance / Investing
Posts on Regator:823
Posts / Week:4.3
Archived Since:February 23, 2011

Blog Post Archive

Triangle Breakout Triggering for USDJPY Dollar Yen

FOREX traders – or those who simply monitor currencies as part of an intermarket picture – should be aware of the breakout trigger and potential expansion developing in the USD-JPY (US Dollar/Japanese Yen) pair. Let’s take a look at the current “triangle” breakout and then compare it to prior breakouts: First, I highlighted the current Triangle or [...]

Hidden Trading Opportunities from August 20 Consecutive Close Scan

Sometimes the simplest scans can provide stock candidates to trade that we otherwise may never have spotted. Here’s the results of today’s “Most Closes in the Same Direction (up)” scan from TradeStation: Lesser-known stock Illinous Tool Works (ITW) has closed 11 days higher – that’s worth a closer look: We can see shares trading back up into the [...]

Up Up and Away for the US Dollar Breakout

With stocks breaking out, it may be a surprise that the US Dollar Index is also breaking through resistance. Let’s take a look at the Dollar Breakout and highlight target levels and points to watch: The Dollar formed a “Rounded Reversal” pattern with divergences into the $79.500 level (as seen on the @DX Continuous Contract). Price broke to [...]

Studying the Repeat Pattern that Targets New Highs for SP500

I’ve been posting frequently about the potential “Repeat Pattern” in the S&P 500 that charts a price pathway straight up toward new highs. With price mere points shy of that target, let’s step inside the price action (per reader request) and peek behind the scenes as to what happened during the prior two “Repeat Patterns.” We’ll start [...]

Up Up and Away for Home Depot HD Breakout

On better than expected earnings, retail stock Home Depot (HD) gapped higher, breaking to all-time highs through a ceiling of resistance. Let’s take a look at the breakout and note how far Home Depot has traveled in a short amount of time. Here’s the Daily Chart with the Breakout: Shares actually broke free of a resistance level – [...]

August 18 Breadth and Stock Scan Market Update

Our mid-day update takes place on yet another bullish trend day higher as price breaks through resistance toward the prior highs, as I’ve been highlighting recently. For our S&P 500 update, see this morning’s post “On and Up to New Highs for the S&P 500” along with the recent “Breakout from a Repeat Pattern” post. In sum, [...]

Intraday Divergence and Reversal Planning for Crude Oil

Crude Oil may be forming an intraday reversal pattern – with divergences – off an important short-term support level. Even if you don’t trade Crude Oil, let’s study the Color Structure chart and learn a lesson on intraday trends, divergences, and reversals. We see a Color Structure chart on the 5-min (very short-term) intraday scale with brief [...]

NASDAQ Breaks to New Highs on Relative Strength

If you’re an S&P 500 or Dow Jones only trader, you may be missing the fact that the NASDAQ broke out to new highs this morning and the Russell 2000 index is close on its heels to its own fresh new breakout (while the S&P 500 and Dow lag behind). Let’s chart the breakout and then [...]

On and Up Toward New Highs for SP500

Today’s bullish short-squeeze and continuation breakout activity confirms the bullish upward pathway that may continue to lead – once again – to new highs for the S&P 500. Let’s update our pattern, view the pathway, and study what opportunities exist for us. First, take a look at my two prior updates on this topic (before today’s confirmation): Planning [...]

Uncovering a Hidden Value Area for Apple AAPL Shares

What are our Color Value Area Charts revealing about a key magnet price area to watch in Apple (AAPL)? Let’s take a look, starting with the Daily Chart: The TradeStation Indicator is the Trigger Charts Radar Indicator, designed to show “Market Profile” concepts in a colorful, visual format. For simplicity, focus your attention only on the yellow lines [...]

Interesting Breadth Chart for August 15 Intraday Stock Scan Update

We don’t usually have exciting Sector Breadth Charts to show but today is an exception. Let’s jump straight into our August 15th intraday update and start with the unusual Breadth action: Usually the Sector Performance is relatively similar with only minor changes among the sectors. Today however, we have a huge spike in Energy and Utilities – something [...]

Planning a Larger Reversal or Another Trap for Corn Traders

Even if we don’t trade commodities, it’s helpful to learn educational lessons and plan trades as they develop from interesting patterns. Corn is forming a great potential Reversal Example, but we need to monitor it in real time to determine whether this time will be different, or whether we’ll just see a repeat pattern of the [...]

Decision Point into Resistance for the Dow Jones

The Dow Jones faces a major decision point into a known resistance cluster – monitor what happens here closely. Let’s take a quick look at the key level and plan accordingly: The 20/50 EMA cluster overlaps the 16,750 area in the Dow Jones Industrial Index. Contrast this with the breakout yesterday in the S&P 500 as I highlighted [...]

Unique Educational Fundraiser All Day Webinar Event for Toni Hansen Saturday

I’m both pleased and humbled to announce an all-day event of 19 educational webinars from top speakers discussing their favorite trade set-ups as a unique fundraiser to assist one of our own colleagues who has been very influential in the trading community. Please join us and learn favorite set-ups from top trading educators while at the [...]

August 14 Trend Day Intraday Update and Stock Scan

We have another Trend Day on our hands as price once again gaps higher and (so far) continues in the direction of the upward movement. First, start with this morning’s planning post and then compare that with the bullish trend day suggested by the morning update. We’ll start with the intraday update of the S&P 500: Like yesterday, [...]

SP500 Decided to Break On Through to the Other Side

Not to be spooked by a little retracement in the market, the buyers (bulls) decided to break price higher to the “other side” of the 20/50 EMA resistance. Let’s update our chart and note the “Open Air” as price completes another repeat pattern: First, take a moment to study my prior update from August 11 entitled “Planning [...]

Is the the Breakout You’ve Been Waiting for in Coal? KOL

I’m seeing increased chatter about Coal stocks and ETF KOL regarding a potential breakout and larger reversal. Let’s take a quick look at the Weekly and Daily Chart to highlight the key levels to watch, potential targets, and try to answer the question “Is this THE breakout?” First, I’m showing a longer-term weekly chart of the coal [...]

August 13 Intraday Stock Scan and Market Update

We started the day with an up-gap and have seen a Trend Day ever since. Let’s update our S&P 500 intraday chart, highlight sector breadth, and note the strong trending stocks of the day. We’ll start with the intraday update of the S&P 500: We’re monitoring if we’re seeing a slight repeat of August 11th where another upside [...]

Instant Intraday Market Internal and Fibonacci SP500 Update into Key Level

Let’s take a quick look at our ongoing intraday Fibonacci Grid along with key Market Internals to plan potential price pathways going forward. Here’s our intraday grid at the moment (note the key level): We’ll focus like a hawk on the 1,950 index level. Note the very slight Market Internal divergence into the 50% Fibonacci Retracement level officially [...]

Introducing the 10 Gappiest Stocks in the SP500

What’s a “gappy” stock and once we figure that out, which stocks are the ten most “gappy” stocks currently in the S&P 500 index? Let’s get to work and uncover these mysteries! First, on with the list: I’m defining a “gappy” stock as one with a greater tendency to gap, or more specifically, a large 21 day average [...]

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