Use a Regression Tool to Cut Through the Clutter on Forex Charts

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regression trend indicator forex chart example
Sometimes forex charts can look downright chaotic. Drawing some lines along recent highs and lows may help make some of the chaos, but other times it doesn’t seem to help at all. If you find this happens to you a lot—you look at your forex charts and scatch your head—then a regression trend tool may help. What is a Regression Tool? A linear regression tool draws a “line of best fit” through all the data…

S&P 500 Remains Strong But Gold and Silver Deserve Center Stage

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metal ratios sil/slv and gdx/gld
The stock market as represented by the S&P 500 remains strong, with the potential for a small pullback. Gold and silver are more interesting, as they are technically poised for a major advance.  First, the S&P 500 remains strong, trading near the top of a 6.5-month rising channel. I have noticed that when scanning for strong stocks, nearly all the quality candidates have already blasted off. This means I am noticing fewer great swing trading…

Stock Market Firmly In Bullish Territory, Here’s Where to Focus Swing Trading Efforts

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sp 500 chart with advance decline lines nov 1
The US stock market is firmly in bullish territory with a breakout to new highs this past week. There are a host of highly reliable statistics that point to further upside over the next 6 months to a year. Here are the main bullet points. Based on very bullish “upside days” during the consolidation and break higher in August and early September, that pattern typically produces an average 13% rise over the following year. From…

Where to Be Looking For Swing Trades Now

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mining stocks ranking oct 23
The S&P 500 remains mired in a range, yet to break higher but still holding an overall bullish tone. In the short-term, the index, and most stocks, could move either way but the eventual breakout direction is likely to be higher (based on evidence discussed below). 3028 is the July high, although that will likely be eclipsed if the market can pop above the 3022 resistance from September, which is just below where the market…

What Type of Trader Are You? Find Out If You’re Likely To Be A Good Trader

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Trader types van tharp
If you already trade, finding out what “type” (there are 15 types) of trader you are may reveal issues you are likely to face and possible solutions. If you are just starting out on your trading journey, knowing your trader type may save you some time, show you what to focus on, or may even reveal that your talents are better placed elsewhere. Van Tharp, a psychology professor (Ph.D.) and trading coach, has been studying…

S&P 500 Whipsawing Above Short-Term Support, Long-Term Bullish

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SP500 outlook for swing trading Oct 8 2019
The S&P 500 is whipsawing in no man’s land, just above the August swing low, and below the September swing high. The longer-term technical picture remains bullish despite the recent instability. While the S&P 500 is in a shallow rising channel since May, the whole pattern is a correction. Corrections have elevated volatility, especially near their ends. The correction may continue for some time, but the correction is expected to end with the price moving…

S&P 500 Still In Bull Market Despite Recent Sell Off

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S&P 500 analysis for oct 2 2019
Based on price action, the S&P 500 and Dow Jones Industrial Average are still in an uptrend. There are still some high probability things that have occurred that point to higher prices over the next several months, despite the recent selloff. The rally in the first half of 2019 may be just the start of a new multi-year bull market. First, let’s look back at the things that are positive. These were posted in the…

Swing Trading Outlook for US Equities

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small caps versus large cap stock sept 25 2019
Current conditions still warrant swing trades. Discussed here is the current stock market outlook, as well as the hottest sectors right now to be looking for trades. The purpose of these swing trading outlooks is to determine how the market is moving and whether it is a good time to be actively swing trading, trading cautiously with reduced position sizes or less capital deployed, or whether it is time to sit on the sidelines. Right…

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