Posts Tagged by stock trading

What Hitchcock teaches us about stock trading

By Cory Mitchell, CMT “We humans like to see ourselves as rational creatures.  We imagine that what separates us from animals is the ability to think and reason.  But that is only partly true: what distinguishes us from animals just as much is our capacity to laugh, to cry, to feel a range of emotions.…

S&P 500 – Battle Royale

Any trader in the market right now has seen dramatic moves intra-day.  While investors may not typically be too concerned about intra-day movements, those large swings show just what kind of battle is being waged each day in this market.  The market is see-sawing, but is approaching an important level – this level could sway…

Stock Market: Can You Say Choppy!

If you watch the financial news, you have likely heard that many market participants are frustrated with the markets at the moment.  The market at the moment is range bound in a longer term downtrend.  Volume has leaned towards the light side as well.  The range is not clearly defined, and the easy way to…

Stock Market Gyrates on Low Volume

The end of the week saw Thursday and Friday strong but on very low volume.  A sign of buying weakness or just the start of summer?  Ultimately this will be revealed by where price goes and the levels that need to be watched. The rally through the early part of the year was also on…

Stock Market: One of the Most Volatile Months In History

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.…

What Can Movies Tell You About the Stock Market?

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?…

Stock Market Update: Bullish Pattern in Downtrend

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…

Stock Market Fun! (no?)

A crazy week for stocks.  We saw moves in single days which normally take place in a week.  I put out multiple updates this past week simply because not having solid info heading into the next session could mean significant losses or missed opportunities. For short term traders this was a fun week, but for…

Euro and Stock Market Update

Here is a brief look at what we are watching for Friday. EUR/USD down about 1% on Thursday.  S&P 500 down 1.21% Thursday. EUR/USD update: The Euro stopped its decline almost exactly at 1.2520, at least so far. If the decline continues below the lows put in (approx 1.2517) then the target is 1.2480-1.2465.  Trend…

Stock Market Update – Bullish????

Yesterday I posted an analysis, and said that we had a potential bear set up, but the high and low of Tuesday would provide better indication.  Well, the market pulled out another strong day closing out above Tuesday’s high.  If we can hold that level it makes a test of 1182 very likely.  At the…

Stock Market: Where we Stand Heading into Wednesday

Tuesday closed out very near flat, indicating some indecision after the previous 3 very volatile sessions.  Tuesdays range was also well beyond average for the S&P 500. Based on the daily chart we have a bearish set-up, yet ideally it is a two day pattern.  Wednesday will confirm with the high and low of Tuesday’s…

Stock Market Update: Support Broken Indicating Further Correction

If you read this past weekends newsletter, there was a level to watch on the S&P, and that level was 1182.  The trendline had already been broken, so we were looking for confirmation with a move below that level.   The broken trendline and move through horizontal support indicates a move to the dominant trendline…

S&P 500 Breaks Below “aggressive” Upward Trendline

From the daily chart of the S&P 500 it can be seen that during the course of the last week the “aggressive” trendline was broken.  The highest trendline was broken last week.  A new one was drawn to account for the lows that were put in, but that trend now appears to be rolling over…

Stock Market Climbs to New 52 Week Highs

The S&P 500 Index, Dow Jones and NASAQ COMPQX all finished at new 52 week highs this week.  Strong buying right into the close of trading ended the day, week and approximately the last 20 months on their highest notes. While the aggressive trendline which began in February was “threatened,” the S&P at no point closed below…

Economic Recovery: Is it Real?

The following is a note from Larry Levin of TradingAdvantage.  It is an interesting look at the current fundamental situation, and Larry’s writing is always good for chuckle as well. Chairman of the Federal Reserve, Ben “Zimbabwe” Bernanke, said today that the economy is in great shape. So much so, that the economy is essentially…

Next Page »