Each week I perform my own analysis of the current "State of the Market." I've found that doing this sort of analysis, in addition to simply reading what others have published, really keeps me in sync with the market. I find that it provides me with a “real-time” feel of what is happening in the market. This enables me to react quicker and with more confidence.
Opening Thoughts It was an abbreviated but very interesting and very important week for the market. The Nasdaq, S&P 500, and NYSE all found support at key long term areas, the Energy sector continues to display fresh leadership, numerous former leaders have continued consolidating, and the new highs vs new low list remained mix. A […]
Opening Thoughts With the correction deepening across the board for the Nasdaq, S&P 500, and NYSE on all time frames, it may be tempting to simply walk away for a while, neglect our weekly homework, and skip our regular routines. While nothing is wrong with taking a short breather (just as the market pauses and […]
Opening Thoughts Well that rally didn’t last long! There are a number of takeaways from the current action we’re seeing and what we should be doing is actually the topic of our next FREE Webinar… “DEFENSE FIRST” (for more info and to register, click here: http://chartyourtrade.com/webinars/ Friday’s action was ugly particularly on the Nasdaq, there’s […]
Ways to use the “Ready List” Standard Pivot listed in notes (when applicable): Many have asked for “standard” or “Classic” pivots to be included in the notes so we’ve decided to add them. The Advanced/Alternate pivots must still be viewed by clicking the ticker symbols of the stocks listed (clicking the ticker symbols will show you charts, annotations, […]