Posts Tagged by analysis

3 Commodity ETFs Analyzed in a Few Minutes (video)

Just recored a video analysis of GLD, SLV and USO which are ETFs which represent the gold, silver and oil markets respectively.   Quick video, I spend about a minute and a half giving a snapshot of what to watch for with potential trade triggers and price targets. After you have watched the video pull up your…

DOW 6000?

I have talked about the Dow Jones Index going to 6000 for quite some time.  From the first time we tried to break down to this level we saw a rally, but that rally was stifled on multiple attempts to break above 9000 with any conviction.  The market again broke lower and has now failed…

A Good Reminder

The following is an article I found which is a good reminder to keep things simple.  I generally just use price as an indicator, coupled with chart patterns (past prices).  Although occasionally I refer to an RSI or price overlay for confirmation.  Here is the article…. Trading Analysis Pitfalls by Ginny Fairham It is very…

Million Dollar Traders By Harvey Walsh

There’s a great show on British TV – Million Dollar Traders. There are two very important lessons that every trader must understand, that have been perfectly illustrated in this documentary, and I want to discuss those here. Any trader who doesn’t understand these lessons is doomed to fail, just as many of the traders in…

Stock Market Analysis – Tight Range

The Dow Jones average has slipped into a short term range, but the breakout could be significant – especially to the downside. Currently the Down Jones average is ranging between 7900 and 8300.   While volume was edging higher to form a possible bottom in the market, volume has normalized and has fallen off the recent…

Support and Resistance Tutorial

I start with these concepts because they need to be understood in order to use the day trading levels that I post each day. Support Levels are price points at which prices have had a hard time pushing down through in the past.  In other words, a support level is a level where price stopped…