In the game of one-upmanship bears raised the stake once more, pushing indices back to, and in some cases, beyond yesterday's starting prices; each swing becoming ever more volatile. It still doesn't change the situation that a bounce of substance is more favoured in the short term, especially with significant support still available to lean on.

If you’re unable to make it down to Dallas, TX for this week’s Traders Expo, don’t fret!

The Expo is hosting live webinar events throughout the Expo, and I’m pleased to announce I will be presenting on “Trade Execution Tactics” during a live webinar session this Thursday, June 16th at 4:30 CST.

Apple Inc. (AAPL) trading plan ;
1) Support level seems to be quite clear (see all previous green arrows levels)
2) Resistance level is quite clear (also our probable target if Apple Inc. (AAPL)  zooms up.
3) Most important, the stop loss level
Buying a "SMALL" position with not much conviction
Gut feeling ? Market is oversold

Will trade my high tech (internet) empire, based on NOTHING , in $USD Dollar, for your Mexican silver ?
Taxco, Mexico, is probably the home of future billionaires :)

iPath Dow Jones-UBS Cotton Subindex Total Return ETN (BAL) chart analysis ;
Cotton futures market was "waking up" these pas few days
You can actually trade the ETN (BAL)
Typical ABC pattern , price got back above its 50 exp MA, but I would prefer more volume.
Cotton is trading higher this morning (futures), focusing on BAL today

Today's low volume gains came a day later than expected but it did leave bulls with options.

Best of the mix looks to be the semiconductor index. Semis closed with a small doji (bullish harami cross) right above its 200-day MA and along a line of support from the March swing low. Short and intermediate term stochastics are oversold.

Cisco Systems, Inc. (CSCO) trading plan
1) Quick reminder that this blog is my trading diary :)
2) So I'll often put notes on a chart that I find important (often hard to explain, but I am a "visual trader", so I need a clear picture, then I'll look for the key news events that may/could confirm my plan).
3) Is Cisco a GREAT company ? Sure

An odd day for the markets.

First there was the confirmed 'bull trap' in the Russell 2000. Today's losses brought the index further below reformed resistance, but back to its 20-day MA. While at its 20-day MA it offers a long-side opportunity, but with old resistance at 855 it might be a short lived one.

($RUT)

With all the headlines/news out there, how does one make sense of the current stock market landscape?

I suggest thinking of the current market – at least from its chart perspective – in terms of the dominant Price Range boundaries in terms of Value Areas.

Let’s start with the simple “Value” Chart of the Current S&P 500:

The chart above is a nice update to my recent post from July 11th entitled: