Today I update my fellow viewers on what the last 2 days of action really mean for this market. The DOJI candle that formed today on incredible low day could be viewed as two things: The first, is that it is a consolidation pattern for the huge move up that we had on Thursday. The second is that it is an indecision reversal candle. i would believe the former only if we get another day of consolidation down on low volume. However, I believe the latter because there are a lot of resistance which points could point to a move lower. We formed a double top area at 922 on the SPX, and this could actually be the top of the right shoulder. As we form the Head and Shoulders formation, other resistances such as the 923 level, descending channel, 20 SMA Daily lie overhead and could provide a strong push lower. Monday’s action could be one of a fakeout, we might get a rally in early trading to hit those resistances and then fall down from there to at least down 1.5%. If we fall down on low volume though, I will look to position myself long. My other advice is to not get too bullish before the 923-924 is broken. And also to take profits at the 880 level if it is reached at any point next week. We could very well break 880 but i think taking some profits off there is important and essential. I look at the SPY, AAPL, GS and VIX
Have a great weekend!
Duration : 0:7:46
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Today we step back and look at the last 3 days of trading as they have broken both the ascending wedge formation and the megaphone formation to the downside (both are very bearish patterns).
My guess is that we could have started a shorter-term and potentially a longer term top. I outline the channel that people should be eying and the type of trades that we should be looking at. I also look at our 2 short trades that have been working out nicely
Duration : 0:5:1
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Welcome to Trading-Pennies.com’s “Chart of the Week” where every week we will examine the trading strategy behind one of our daily explosive stock picks.
This week we discuss lesson five of our educational trading series in which we will continue to explore the most consistently profitable chart patterns that all traders should become familiar with. This week we look at the Volume Climax.
All of the strategies presented here are covered in detail in our manual “Learn How Professionals Trade the Penny Stock Market” available on our site at Trading-Pennies.com
Duration : 0:6:38
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Hey guys,
I have compiled a 3 part long video that not only talks about the SPY to its full extent but also about 8 different charts and how we’re suppose to read into this type of market. In this video I concentrate on the SPY. For the SPY I look at a potential move lower in early trading only to reverse and end up a little higher. I do believe that the H&S will eventually break but this might take another 4-5 days. I look at potential targets for the SPY as we move lower and where I believe shorting would be most desirable.
Duration : 0:9:43
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Technical analysis videos of the VIX, Dow Jones, Nasdaq & other sector and commodity idexes.
Go to http://www.greenroomstocks.com/Platinum-Service.php to view our videos in full screen!
Duration : 0:10:23
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Yahoo! Finance just launched a new stock chart beta site. Just type in the company symbol you are looking for, and it will show you anything from 1 day worth of trading to as far back as the company was publically trading.
I’ve attached the link below.
Hope that helps!
I am simply trying to copy and past into a powerpoint deck
You may have to use a screen shot and then crop it so that all of the other parts of the browser window are removed. Then you can add the chart to your PowerPoint presentation. I have tried to save off a chart before, and I was unable to get it to save on the clipboard. Probably has something to do with Flash (which is used to render the chart initially).
Hope this helps
im intrested in buying some BOC or MSFT stock, but i dont know how to get a real-time chart on my desktop.
HOW DO I
because!! … its easier
You can open a tdameritrade account and load their streamer, but I don’t understand why you think you need real-time. Yahoo finance for instance has a 20min delay which should be much quicker then you would need. Please put in a follow-up why you think you need real-time.
Follow-up answer: ok, by easier I think you mean it more reflects the current price when you are thinking of placing your buy/sell order……the bid/ask/last close you see when you attempt to place your order will be realtime as well. Day traders use sophisticated real-time tools, but for the average investor who intends to be in a position for a length of time (unless the mkt stops them out quickly said with quick 8% drop) you should be ok with the normal offerings of the online brokers, like the streamer….
Avanir now trades on the NASDAQ as AVNR since 11 Apr 2006 – it used to trade as AVN.R on the AMEX so I think there must have been a glitch in Yahoo’s systems.
Why not ask Yahoo?
Today we looked at the markets and have officially declared a BULL MARKET, as we have broken some key resistance lines on the SPY and tested them on the QQQQs (a confirmed breakout for the Qs) and the VIX finally broke down under the support line that has been holding it ever since this market fell in october. We also look at GS as it gave us the que to be long the market when it broke out from it’s bull flag channel and rallied up all the way to it’s longer term ascending channel. We look at SRS finally forming a head and shoulders which can take it to insane lows, and XLF breaking out of it’s inverse head and shoulders. We look at Wells Fargo as it finally showed some strength and is sitting at resistance of an inverse head and shoulders which should take it higher. Monday we may see a pull back as a lot of these stocks are overbought and are sitting on some strong resistance levels and need to pull back a little. The only reason we remain a little skeptical of this breakout is because the Dow Jones has not broken out of it’s channel yet, and lately the technicals worked best on the Dow, but the Qs led the market higher and so did the XLF today, and that’s an encouraging sign. We also looked at AMR as it rallied above a triangle formation and tested the resistance as support. Looking good there!
Duration : 0:8:59
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