Monthly Archives: January 2010
Steve Jobs, Apple, the iPad, and King Gillette
| January 31, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
On Wednesday, after much hype and drama, Steve Jobs walked onstage and unveiled Apple’s latest creation – the iPad. Having watched almost every key address for Apple for many years I, like many others, were disappointed that the product didn’t live up to the hype. Nonetheless, Apple will sell a boatload of these products, but…
Day Trading These Stock Market Swings
| January 30, 2010 | Posted by admin under Day Trading Ideas, Intro to Trading, Swing Trading Ideas, Techncial Analysis Tutorials |
I got asked to post a chart of the intra-day trends I mentioned in Stock Market Outlook – Key Support Broken. What follows is not my actual chart from the last two days, but have recreated here to show the general idea. I have used SPY in the chart. There are fantastic tradable moves which…
Stock Market Outlook – Key Support Broken
| January 30, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The stock market was pushed lower Friday once again, finishing on it’s lows for the day, week and last 2 & 1/2 months. We will look at the S&P and and what can be expected going into next week, Feb 1-5. As we entered the new year the stock market was taken higher on a…
EUR/USD Outlook for Jan 29
| January 29, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Downward pressure continues on the EUR having just made new (recent) lows and nearly reaching 1.3900. A minor support band is likely from 1.3920-1.3900. With little support beyond this, a break below 1.3900 will target 1.3800. Some support may develop at 1.3860 and 1.3830 along the way. Resistance comes in at 1.3950 followed by 1.3980-1.4000. …
EUR/USD Outlook for Jan 28
| January 28, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The pair continues to hit new lows, having just dropped below 1.3990 recently. The outlook continues to be bearish for the EUR overall. Short term target on the downside, if the pair can once again move below 1.3990 is 1.3940, followed by 1.3920 and 1.3900. The pair has traded through most of the significant support,…
Don’t Use Trading Stops!
| January 27, 2010 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
So I saw this article and knew it might draw some controversy, and thus I had to post it. Do you think you need to place a stop? Or does getting out have more to do with what is unfolding currently and the original stop is outdated (that stop was picked at the time of…
EUR/USD Outlook for Jan 27
| January 27, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The EUR/USD (get a longer term analysis via the link) declined to a former swing low on Tuesday, but has so far managed not to drop below the 1.4025 swing level. A drop below that level indicates another leg down in the downtrend for the EUR. Support is likely to develop between 1.4015-1.3985 (the wide…
Is the DOW in Trouble?
| January 26, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Another interesting day in the markets. Strong volume on the downturns and light volume on the rises. Despite a heroic effort by the bulls today, the market was heavily sold into the close. In that light, here is a video along with a few words from an analyst I respect, Adam Hewison. For some time…
EUR/USD Outlook for Jan 26
| January 25, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Quiet, relatively flat Monday for the EUR/USD (get a longer term analysis via the link). In fact, very little has changed since the last outlook…the levels to watch remain the same going into Tuesday. Initial support is at 1.4120. Support beyond is at 1.4100, 1.4085 and 1.4065. At 1.4030 is the recent swing lows, with…
EUR/USD Outlook for Jan 25
| January 25, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The EUR/USD (instant analysis of any symbol via the link) has support which sits just above 1.4120. Support beyond is at 1.4100, 1.4085 and 1.4065. At 1.4030 is the recent swing lows, with a drop below indicating another wave down for the the EUR. The market has already corrected into the 1.4160-1.4180 region mentioned in…
Stock Martket (S&P 500) Outlook…What Happened?
| January 23, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas, Techncial Analysis Tutorials |
Tough week for the equities markets with the S&P 500 index losing about 4%. Between Wednesday and Thursday we had an interesting dynamic play out which tied in with the break below 1130 – which I mentioned last week needed to be watched because a break below that would target 1110. The market surpassed the…
The Next Asian (and US?) Crisis
| January 23, 2010 | Posted by admin under Forex Technicals, Stock Market Analysis |
It was not a pretty day for the longs in the markets today. Equities fell off aggressively as the day drew to a close. The bulls did pour in after the morning selling off, taking the S&P back to test the days high, but the buying was short lived as bulls were swarmed. The major…
EUR/USD Forex Outlook for Jan 22
| January 22, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
A more normalized day on Thursday with the EUR/USD stabilizing. It moved lower in the early session but did recover to only finish down slightly. The correction mentioned yesterday did occur; a new low was made first and then the EUR moved higher to test resistance which developed at 1.4140. Now that the correction has…
EUR/USD Outlook for Jan 21
| January 20, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Another tough day for the EUR, falling 200 pips at one point against the USD and currently sits just off the lows, trading at 1.4100. The daily charts show a clear wave down underway which indicates a bias towards a further fall for the EUR. The pair does appear set up for a short-term correction…
EUR/USD Outlook for Jan 20
| January 20, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The EUR tumbled Tuesday, and while 1.4320 and 1.4300 briefly supported the fall the pair ultimately hit a low of close to 1.4250. The 1.4250 region is a technically a strong support area, but a breach of that support indicates another leg down on the longer term charts. The pair will need to get through…
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