Monthly Archives: December 2009
Happy Holidays!
| December 23, 2009 | Posted by admin under Site Info |
Well, it has slowly crept up on us… the holiday season is here, and with that the analyses that I post will definitely slow over the next couple weeks. I am traveling till the new year, so regular analysis will not occur until the start of 2010. Personally, I will be trading up till Dec…
EUR/USD – Dec 22
| December 22, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The trend is still down, but appears to be waning slightly; divergence is apparent on several times frames (although this is not a signal by itself, price needs to confirm). Near-term support is at 1.4260, but 1.4250 is also likely to act as support. A break below 1.4250 indicates a move to 1.4150. There is…
EUR/USD- Levels to Watch Dec 20/21
| December 20, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
As we head into this trading week, the trend is still down, but appears to be waning slightly; divergence is apparent on several times frames (although this is not a signal by itself, price needs to confirm). Near-term support is at 1.4300. A drop below is likely to test former lows at 1.4260, but 1.4250…
S&P and Dow: Weekly Stock Market Analysis (Dec 21-Dec 24)
| December 19, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Overall, it was a fairly uneventful week in terms of price action in the stock markets. We had a lot of nice tradable moves during the week, but ultimately the market did not move into or out of any technical significant areas. Volume was light, except for Friday which was due to index rebalancing and…
EUR/USD – More of the Same for Dec 18?
| December 18, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Definitely a tough day for the EUR. The pair fell over 200 pips at one point, but closed just inside that. The move was far beyond average, but as mentioned in previous posts, the 1.4500 level was very important and when the market broke through it, it fell aggressively and swiftly. This has put support…
An Alternative to High-Price Trading Courses…
| December 17, 2009 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
It’s rare that I come to you like this, but I’ve had a revelation after a recent email I received. You and I both know there are plenty of good trading courses out there, but in these economic times, they’re a bit pricey. So why are we paying thousands for our education when we don’t…
EUR/USD: What to Watch For on Dec 17
| December 16, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Wednesday, despite lots of economic data, traded within a 90 pip range…rather similar Dec 14. It would appear we have a similar set up. Thursday will tell us if this is the case. This pair is still exhibiting weakness, and probabilities lie on the downside. 1.4500 is current support, although the actual support range is…
EUR/USD Look Ahead Analysis for Dec 16
| December 16, 2009 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
We did see further selling in the EUR Tuesday taking us right to the 1.4500-1.4485 resistance area. 1.4500 did hold up, with the rate then rallying to 1.4540. Wednesday should be an interesting day with a whole menu of economic news goodies to be gobbled up the market. Expect a volatile day. Probabilities still lie…
Forex INDEPENDENCE is OVER in 12 hours
| December 15, 2009 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
Cory Mitchell here with a quick courtesy reminder… At 11:59pm Eastern time TONIGHT, Tuesday, December 15th, the step-by-step trading course that’s turning the Forex community on its ear is being PULLED FROM THE MARKET. That’s right – you only have 12 hours (or less) to get your hands on the Forex Income Engine 2.0. And…
EUR/USD Will The Doldrums Continue Dec 15 ?
| December 14, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The following are your forex day trading signals, or forex analysis, for Dec 15. Monday was a a rather dull day, with the pair holding in a 80 pip range for the day; the average daily range for the pair is 135 pips. So it was definitely a quiet day, with little news to spark…
Watch the Market Wizard Insight Seminar for FREE
| December 14, 2009 | Posted by admin under Intro to Trading, Stock Market Analysis, Techncial Analysis Tutorials |
So it is coming up to Christmas, the market have been a little slow…so give yourself a treat, a free treat, and watch a free seminar on Market Wizards. Visit the link and you have access to the video. Watch the Market Wizard Insight seminar for free here: http://www.ino.com/info/36/CD3784/&dp=0&l=0&campaignid=9 And of course, check back in…
EUR/USD What to Expect for Dec 14
| December 14, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The pair broke out of it’s range on Friday going precisely to the lows of the support range specified, 1.4600-1.4580. The low was 1.4885. There is minor resistance between 1.4640-1.4650. More substantial resistance comes in at 1.4665-1.4680 which is the old support (now resistance) for the range which was just broken out of. Further resistance…
What to Expect in the Stock Market Week: Dec 14-18
| December 13, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The S&P 500 which is a good representation of the overall stock market is still very much range bound, and is likely to remain so until the new year. A very quiet Friday with little volume did little to inspire confidence to the contrary. 1100 is the nearest main support level for the upcoming week,…
Economic and Labor Stats Scam?
| December 12, 2009 | Posted by admin under Stock Market Analysis |
If you have been reading all my comments, I have posted some notes which shed light on some curious stats coming out in the economic data. Here is one more piece. The interesting thing about economics, and money in general, is that belief in something can in fact create it. Although, it can also have…
EUR/USD – Dec 11…Nothing has changed…
| December 10, 2009 | Posted by admin under Intro to Trading, Swing Trading Ideas |
As it stands right now as I write this, the EUR/USD is still in a small range just above 1.4700. Nothing has changed since yesterday…here is basically what I said for Thursday and it still applies for Friday: Unless the resistance area at 1.4780 is taken out, and ultimately 1.4900, the eur/usd is in correction.…
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