Posts Tagged by support
Gold – Commodity (CFD) Swing Trade Analysis – Daily Chart
| April 27, 2009 | Posted by admin under Stocks & Stock Market Analysis |
April 27 8:00 GMT Since gold is at an interesting spot I have decided to post a trade idea for it, as even traders only with forex accounts can access gold trading through a CFD (contract for difference) trading. The following is a commodity market commentary based on technical analysis for the Gold. It is…
AUD/USD Forex Day Trading Analysis – 15 Min Chart
| April 24, 2009 | Posted by admin under Forex - AUD/USD |
April 24 7:35 GMT The following is a forex market commentary based on technical analysis for the AUD/USD currency pair. It is based off of a 15 minute chart. Trading ideas or trading signals can be generated based on your own risk tolerance and time frame. Please read the latest How to Use the Trade…
US Stocks Confirm Further Downswing
| March 2, 2009 | Posted by admin under Stocks & 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
Don’t get excited over the stock market rally, yet…
| February 25, 2009 | Posted by admin under Stocks & Stock Market Analysis |
The market rallied today up more than 230 points on the Dow Jones Index to close around 7,350. It is possible that the break below 7,500 was a bear trap. But with confirmation from so many indexes, it is more unlikely. Rallies occur in bear markets all the time, it is whether the upward pressure…
S&P Confirms Swing Down
| February 23, 2009 | Posted by admin under Stocks & 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 Stocks & 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…
EUR/CHF Trading Signal-Range Trade
| February 5, 2009 | Posted by admin under Stocks & Stock Market Analysis |
The EUR/CHF is in a longer term range, which is generally beyond the scope of day trading but does offer the potential for profits on swing trades. The range can be seen on a 2 hour chart and is moving between 1.4810 and 1.5185. This is a 375 pip range and provides excellent opportunity for…
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…
Stock Market Analysis – Tight Range
| January 27, 2009 | Posted by admin under Stocks & 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…
USD/JPY Forex Swing Trade Idea – 4 Hour Chart
April 29 7:35 GMT The following is a forex market commentary based on technical analysis for the USD/JPY currency pair. It is based off of a 4 hour chart. Trading ideas or trading signals can be generated based on your own risk tolerance and time frame. Please read the latest How to Use the Trade…