Monthly Archives: May 2010
On Schedule for a Very, Very Long Bear Market (Yes or No?)
| May 31, 2010 | Posted by admin under Stock Market Analysis |
Recorded earlier this month, but still interesting and worth a watch…. Prechter on Yahoo! Finance: “On Schedule for a Very, Very Long Bear Market” Robert Prechter discussed the recent global sell-off that has sent all major U.S. averages 10% below their 2010 highs with Yahoo! Finance Tech Ticker host Aaron Task on May 20, 2010.…
EUR/USD – Stabilizing Amid a Mass of Trendlines
| May 30, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas, Techncial Analysis Tutorials |
This weekend we will look at the daily chart of the EUR/USD. News on the Euro has dominated the headlines lately with all sorts of doomsday scenarios for the Euro. Despite all this, the EUR/USD has stabilized around prior lows, and amid several trendlines. At this time these trendlines all remain down – with the…
Stock Market: One of the Most Volatile Months In History
| May 29, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Another volatile week for stocks. Traders simply did not want to put out large orders for fear of getting run over. But, introduce fear (from longs and shorts) in thin liquidity and price levels have a tendency to “overshoot”. Prices are taken to extremes and then snap back like an elastic – in both directions.…
EUR/USD: Support holds…so far
| May 28, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The lows the EUR/USD put in last week were tested over the last couple days and have so far held off a further decline. Currently the pair sits just above 1.2300 which is a minor support level. Further support is at 1.2200 and 1.2150-1.2435. A break below the latter indicates another leg in the…
The return of the Greek drachma … it’s coming
| May 26, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
This evening I am forgoing my EUR/USD analysis and providing this video analysis instead. It is another analysts look at the market. At this point I have nothing really to add to what I have already said about the Euro over the last few days. We are very near the lows (1.2140) as I write this article,…
EUR/USD: Drop then rally, then…
| May 26, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Tuesday saw the drop below 1.2300 which was the level to watch yesterday. Support at 1.2230 was broken, but the market was unable to reach 1.2150 before rallying aggressively. The pair has now come off the highs but still trades at 1.2328 at the time of this writing. Some support is likely to come in at…
11 Commonplace Market Views: True or Myth
| May 25, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis |
The following article was written a few months ago, but over that time the words “cash on the sidelines” have been used so often to explain the prior bull market… and it is complete BS. My views go far beyond what is expressed here, but the following article just shows the facts via chart –…
What Can Movies Tell You About the Stock Market?
| May 24, 2010 | Posted by admin under Stock Market Analysis |
I came across the following article, and it has such a different way of looking at the market that I just had to post it. After you read the article…maybe the recent Shrek box-office disappointment is the first stage…you’ll understand after you read it. Enjoy. Cory Mitchell, CMT What Can Movies Tell You About the Stock Market?…
Euro Moves Lower Once Again
| May 24, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
On Monday the Euro sold off once again, approaching the 1.2300 level. A breach of that level would nullify any bullishness on the short term. The short-term upward trendline has already been broken. Intermediate and long term trends remain down. A drop below 1.2300 has support at 1.2230 and 1.2150. A drop below the latter…
Stock Market Update: Bullish Pattern in Downtrend
| May 23, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
These markets continue to have unbelievable moves each day. The S&P 500 re-tested the “flash crash” lows on Thursday and Friday, and after breaking below rallied back higher. Last weeks analysis is still in play. At the moment I don’t think there is much reason to be buying this market unless someone is unleveraged and buying for…
EUR/USD: Up or Down? Bounce or Parity?
| May 22, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
Over the last while I have been discussing looking for bounces in the EUR/USD which could turn into a full correction. I think the Euro could see a significant bounce, but many do not agree. A video below outlines another analyst’s thoughts on the EUR/USD and how he believes it could go to parity. I…
The Federal Reserve Does NOT Control the Market
| May 22, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis |
The Federal Reserve Does NOT Control the Market FREE eBook reveals why the Fed is powerless to change the economic course May 21, 2010 By Elliott Wave International As the world’s leading stock markets continue to play stomach-hockey with investors via one triple-digit turn after another, the mainstream community takes solace in this core belief:…
EUR/USD: Short Term Uptrend in Place
| May 20, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Thursday saw an aggresive rally in the Euro, blowing through 1.2450 – the important “bull” level I mentioned yesterday. The pair has pulled well off the highs of the session, currently trading at 1.2465, yet the higher low and higher high compared to previous swings has put in a short term uptrend. I have been…
What Becomes of a Broken Stock Market?
| May 19, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
What Becomes of a Broken Stock Market? There are two possible Elliott wave paths for stocks from here — but only one likely outcome. May 18, 2010 By Elliott Wave International You know what a mystery the Dow’s 1,000-point drop on May 6 has been. Wall Street is looking for a smoking gun — a…
Recent Comments