Breakout

6

Why Anticipatory Trading is so Tricky

http://feedproxy.google.com

Charts give us the opportunity to wait for confirmation or enter ahead of time – to anticipate.  And while the latter may give us more of a feeling of being right, it’s not an easy way to trade.

Here’s an example from this week…

 
Read the full story...
GI's picture
Created by GI 1 day 17 hours ago – Made popular 1 day 17 hours ago
Category: Technical Analysis   Tags:
1

Fitch Will Not Downgrade France In 2012. Market Trying To Breakout On the News. Top Or Breakout?

http://www.1option.com

Today we will find out if the market is forming a top or if it is ready to break out. There was one major development overnight that could push us through resistance at SPY 130. This morning, Fitch said that it will not downgrade France in 2012. The market had already priced in a one notch downgrade and this news came as a relief. Standard & Poor's might still downgrade France, but it is unlikely to reduce its credit rating by two notches.

 
Read the full story...
Gile's picture
Created by Gile 2 days 17 hours ago – Made popular 2 days 17 hours ago
Category: Options   Tags:
4

Positive Feedback Loop Situations in SPX Price

http://feedproxy.google.com

One of the main activities that trip up traders, especially new traders, is the concept of continual price movement in one direction without meaningful pullbacks – also known as “powerful trends,” “creeper trends,” or “positive feedback loops.”

Let’s take a look at the current situation and put it in the context of prior S&P 500 day-over-day one directional movement.

First, the hourly S&P 500 pure price chart:

 
Read the full story...
Institution1's picture
Created by Institution1 2 days 18 hours ago – Made popular 2 days 17 hours ago
Category: Technical Analysis   Tags:
3

Trade: GS

http://feedproxy.google.com

I went long GS on the breakout of the moving average. Notice the bottoming "W" pattern and the positive volume that has has developed within the pattern. My stop is just under the moving average at around $97-98. The targets are around $110 and $115. Entry was at $99.88. This gives me a phenomenal 5:1 reward to risk ratio.

 
Read the full story...
Gile's picture
Created by Gile 2 days 18 hours ago – Made popular 2 days 17 hours ago
Category: Technical Analysis   Tags:
6

Daily Market Commentary: Rally Ticks Along

http://feedproxy.google.com

A little disappointing markets weren't able to push on after a strong start, but many indices registered accumulation days.

The S&P finished near its October swing high, although it's in the process of turning this former resistance level into support. While stochastics are overbought, On-Balance-Volume and MACD continue to trend higher on the side of bulls.

 
Read the full story...
jurerl's picture
Created by jurerl 2 days 18 hours ago – Made popular 2 days 17 hours ago
Category: Technical Analysis   Tags:
3

The Market Won’t Like AA’s Guidance - The Market Should Drift Lower This Week - Buy Puts

http://www.1option.com

Last week, the market ran up to resistance on the first trading day of the year and it stalled. An excellent round of economic releases was not enough to force a breakout. Asset Managers are cautious and they are not chasing the market higher. Today, earnings season will kick off. Alcoa will announce after the close and I am expecting poor guidance. Half of their revenues are generated overseas and they will point to weakness in China. This has been one of the busiest preannouncement periods in years. S&P 500 growth forecasts have been cut in half for Q4.

 
Read the full story...
terry1970's picture
Created by terry1970 2 days 18 hours ago – Made popular 2 days 17 hours ago
Category: Options   Tags:
7

Stock Market Video - "Hoping For A Bullish Move Into Year End" - 12/11/11

http://feedproxy.google.com


 
Read the full story...
NoFear's picture
Created by NoFear 2 days 18 hours ago – Made popular 2 days 17 hours ago
Category: Technical Analysis   Tags:
1

Gold Surges Higher

http://feedproxy.google.com

The gold market rallied sharply today closing above the recent trading range. The ETF GLD which tracks gold showed a nice increase in volume confirming the breakout. You'll notice that the recent consolidation developed right at key support (green line)  which tells me that the bulls are once again in control of this market.
If you look at the commitment of traders data (not shown) you will see


 
Read the full story...
find1960's picture
Created by find1960 2 days 18 hours ago – Made popular 2 days 17 hours ago
Category: Technical Analysis   Tags:
6

Jobs Number Looking Like A Non-Event. Lackluster Trading - Wait For A Breakout

http://www.1option.com

For the last two weeks, the market has been caught in a tight trading range. A week ago, the Fed announced the continuation of their zero rate policy through 2014. Stocks surged to a new relative high, but those gains were erased the next day. Yesterday, the market gaped higher on the open and it challenged that high midday. Profit-taking set in late in the day and resistance held. Yesterday’s gains all came overnight. During the first couple of hours, stocks barely budged.

 
Read the full story...
JerryTs's picture
Created by JerryTs 2 days 18 hours ago – Made popular 2 days 17 hours ago
Category: Options   Tags: