Monthly Archives: September 2010
Stocks relatively flat, Oil moved higher – Wednesday
| September 29, 2010 | Posted by admin under Commodity Analysis, Day Trading Ideas, Stock Market Analysis |
Markets for the most part were relatively flat, with the DOW, NASDAQ and S&P 500 all finishing just fractionally in the red. SPYand DIA continue to sit right above old resistance. QQQQ has made its move higher, IWM has moved up to resistance which is a bullish signal for the overall market if it can…
Gold hits new highs
| September 28, 2010 | Posted by admin under Commodity Analysis, Day Trading Ideas, Swing Trading Ideas |
Strong rip in gold today after testing some recent lows in the premarket. Currently gold is trading at 1308.60 at the time of this writing. There were some great opportunities in gold related ETFs (not to mention gold itself and the GLD ETF) such as GDX and GDXJ which were slightly delayed in following gold higher. The test of…
DOW going to 1000! (?)
| September 28, 2010 | Posted by admin under Food for Thought, Stock Market Analysis |
Whether it was Robert Prechter that drove the market lower in the final hour, is hard to say. But his appearance on CNBC calling for DOW 1000 and the sell off that ensued were within a relatively short time frame. DOW 1000!? The new talk was even more bearish than this video recorded a week…
A “Planned Market” – Do you agree?
| September 27, 2010 | Posted by admin under Food for Thought |
The following piece comes from Larry Levin of Trading Advantage. Poses some interesting points. Some may agree, some may not. What do you think? Most people have head of the phrase “A planned Economy,” which according to Wikipedia is “Planned economy (or command economy) is an economic system in which the state directs the economy.[1]…
EUR/GBP Forex Chart Pattern Set-up
| September 27, 2010 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
Quickly looking through some forex pairs. Noticed this triangle pattern in the EUR/GBP currency pair. There are two ways to interpret the lower line on this time frame. I prefer the approach that allows more room for the pattern to develop and makes the pattern larger. Thus, based on the larger lower trendline we can…
Stock Market pulling it together…to the upside?
| September 25, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Last weekend and in the mid-week update I posted that until the broad market joins in on the push through resistance seen on the S&P 500 and Dow Jones Industrial Average (DJIA), any rally would likely be short lived. IWM, the Russell 2000 ETF, is now nearing resistance. It has not broken it as the…
Forex Market Update
| September 24, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Another week of aggressive moves in the forex market. Several levels mentioned last week were in play this week – one reversal and two pairs headed to their next profit target. Here we will look at the USD/JPY, EUR/JPY and EUR/USD. Need more trading tactics? Need a complete trading system? If you haven’t check out it out,…
Housing Foreclosure Mess – the bank may not have legal rights to the houses
| September 24, 2010 | Posted by admin under Food for Thought |
The following interesting article was brought to my attention by Larry Levin of Trading Advantage. It talks about the current housing mess and how in a rush to create loans during the housing boom banks may have skipped some legal steps meaning they do not own the titles to the homes they mortgaged. Very interesting.…
Mid-Week Stock Market Update
| September 23, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Heading into the last two days of the week the stock market continues to struggle at these levels. The Fed’s comments on Tuesday failed to hold the market much above pre-announcement levels, even though there was an aggressive initial surge higher on the announcement of unchanged rates. SPY and DIA (S&P 500 and DJIA ETFs) are…
Act Now – Protect Your Profits from Diversification
| September 21, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis, Swing Trading Ideas, Techncial Analysis Tutorials |
Shocking new market research indicates DIVERSIFICATION DOESN’T WORK ANYMORE. Find out how Wall Street has sold the myth of safety in diversification for years to unsuspecting investors everywhere. Now you can learn from this timely 10 page report that exposes the myth of diversification and how it can cripple your financial future if you do…
Why You Should Care About DJIA Priced in Gold
| September 20, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis, Techncial Analysis Tutorials |
Over the last month I have worked on several intensive articles for varying sources covering such topics “what caused the drastic currency moves over the last decade?” as well as “how to actually trade currency and commodity correlations.” These will be available shortly, but in the mean time I wanted to post a related…
Big week for Currencies – Trend Changes
| September 19, 2010 | Posted by admin under Day Trading Ideas, Forex Technicals, Stock Market Analysis, Swing Trading Ideas |
Big week for currencies as many pairs saw large moves. Here I will got through the brief technical outlooks of the EUR/USD, USD/JPY and EUR/JPY. EUR/USD: I don’t like the candle formation from the daily bar which occured on Friday, but other than that the break to upside above support last week indicates a move…
Price action and volume not indicating trends…yet
| September 18, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
I just realized I didn’t post all week. When it comes to stocks (currencies had a very interesting week) this is not suprising. It was a ho-hum type of week which resulted in exactly what I discussed last week – ranging activity. The major index continue to sit below major resistance levels, although they did edge…
Stock indexes not in sync means…
| September 13, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
One month ago today I posted on the diverging indexes (http://vantagepointtrading.com/archives/3672) and what “could be the seedling of the downturn to come.” August did see a sell off, although not a major trend lower. September has been resilient as we push towards upper range bands on a couple indexes. Yet once again we have a divergence in the…
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