Archive for September, 2010
One Intraday Setup That’s Working
In a world dominated by algo’s and machines, the astute trader can still turn a profit. It’s true, despite what many losing traders might tell you.
Eyeing GDP for a Breakout
There’s no shortage of bullish charts out there right now, but not all of them are in position for new buys.
Video Review of the Indexes 9-26-2010
Last week new highs were made as the indexes put more distance between current prices and former resistance zones. The bulls have some exceptional momentum, but how long will it last?
Don’t Dismiss This Scenario
It’s been a big run off the August lows, there’s no doubt about it. September, as a seasonally weak month historically, has caught many off guard with this relentless ramp.
Are Sellers Looking for a Catalyst?
Anytime we see market streaks emerge, we know someone’s been caught on the wrong side.
Watch JKS for a Lower High
The run in solar stocks has been an impressive one, although some have gone too far. One name in particular, JKS, has become rather extended in the near term and is starting to show some telltale signs of fatigue and exhaustion.
A Good Time to Lighten Up
As I watch the action today, there’s reason to be impressed. Heading into today’s session, the market had posted gains in 6 of the past 7 sessions, and had moved right up to (or through in some cases) key resistance zones.
