Posts Tagged by stocks
Larger Perspective on Current Stock Market Fall
| March 3, 2009 | Posted by admin under Stock Market Analysis |
I wanted to bring up a few things about the current problems in the stock market. The near term target is now 6000 (see my previous posts in the Market Blog category). If we pan out to a very long term view of the indexes, both the S&P (1950-now) and the Dow (1930-now) we see…
US Stocks Confirm Further Downswing
| March 2, 2009 | Posted by admin under Stock Market Analysis |
The DOW broke below 7500 and then respected that level, before falling below support at 7100. This action by the DOW confirms, or makes much more likely, another primary downswing to the target of 6000. ~Cory Mitchell
8 Trading Rules
| March 1, 2009 | Posted by admin under Intro to Trading |
These are the 8 Rules of “Carney” from the book “Ugly Americans” by Ben Mezrich (published by Harper Perennial). They are pretty good so I thought I would reproduce them here. Check out the book, it isn’t too bad. Not as much trading material as I was hoping for but still an entertaining read. 1.…
Proposed Tax Bill Could Cause Major Problems for US Traders
| February 25, 2009 | Posted by admin under Stock Market Analysis |
A proposed House of Representatives bill-HR 1068 would tax each buy and sell order by up to 25 basis points of the transaction value. While it is hard to say at this point whether the bill will be passed I encourage active traders and investors in US markets to do what they can to oppose…
S&P Confirms Swing Down
| February 23, 2009 | Posted by admin under Stock Market Analysis |
The other day I talked about how the S&P 500 had not broken below its lows. Today it did, confirming the down swing we have already seen from the Dow Jones Index. Targets for the downswing are 6000 of the Dow and 600 for the S&P. If even further confirmation is need the German DAX…
DOW 6000?
| February 21, 2009 | Posted by admin under Stock Market Analysis |
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
| January 31, 2009 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
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
| January 27, 2009 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
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
| January 27, 2009 | Posted by admin under Stock Market Analysis |
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
| January 22, 2009 | Posted by admin under Day Trading Ideas, Techncial Analysis Tutorials |
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…
Day Trading for Thurs Jan.22
| January 22, 2009 | Posted by admin under Day Trading Ideas |
The SPY rallied back somewhat on Wednesday to close at 84.05, up 3.48. Here are the levels to watch on Thursday. Support Levels: 83.50, 82.85, 82.50, 82.10, 81.75, 81.15, 80.45 Resistance Levels: 84.25, 84.50, 84.75, 85.30, 85.55, 85.75, 86, 86.35, 86.50, 86.75, 87.50
Day Trading for Wed Jan. 21
| January 21, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis |
We broke below major support on Tuesday. The SPY finished down 4.44 to close at 80.57. The only support below this level are the levels back from Nov. 20 and 21. The low from those two days is 74.35. If we fail to rally over the next couple of days, this low level is likely…
Stock Market Set to Plunge?
I don’t write about the stock market too much on this site anymore, unless something big is about to happen. And right now it is. You can follow my updates on this unfolding market at http://www.darkpooltraders.com/vb/stock-tips/104-stock-market-breaks-trend-line-support.html (Great site by the way! You can talk with me or other traders, post questions, have discussions in the…