Posted on April 28, 2009 by Adam
I’m always looking for ways to increase my chances of placing winning trades. One way to tip the probabilities in favor is buying assets that are displaying relative strength and selling/shorting those that are displaying relative weakness.
What is relative strength exactly? Relative strength is the tendency of a stock, group of stocks, or asset class [...]
Posted on April 27, 2009 by Adam
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233…
I know what you’re thinking: “Oh great, numbers! Time to click elsewhere….”
Before you do so, I think you should consider that the numbers above will make you money!
The sequence of numbers shown above are part of the famous Fibonacci series. The numbers [...]
Posted on April 23, 2009 by Adam
Where is the market going to go next week? If I had to guess, I would say down. Earlier this week we broke an important upward sloping trendline, which was coincident with a Point and Figure sell signal in the S&P 500. That was the first sell signal since February! The price objective of this [...]
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Posted on April 20, 2009 by Adam
I mentioned earlier this morning that I would start to get bearish if the S&P violates its bullish trendline. That has happened, now, and I’m looking for an area to use as a line in the sand.
Looking at a point and figure chart to color my analysis, I have identified a pretty interesting price level. [...]
Posted on April 20, 2009 by Adam
Hey Traders,
I’m in buy the dip mode. I’m looking to add some longs if we hold here near S&P 850. However, I’m watching carefully to see if we hold this support level, because if it breaks, we could be headed for a more sustained downward movement.
Posted on April 14, 2009 by Adam
I’ve been finding a ton of bullish setups lately. Personally, I’m considering CMO, DRI, and PNRA. Bearish setups have been hard to find.
My favorite bearish setup is in CECO, an education stock that had a big runup since November of last year. Over the last few months, CECO has ceased its upward trend and has [...]
Posted on April 13, 2009 by Adam
Welcome back from a long weekend.
This market has me pretty excited. While I’m not convinced we’re out of the woods just yet, it looks as if trading conditions are beginning to ease.
Trading has been pretty easy for the last few weeks now, and I don’t think that’s about to end any time soon.
Last week, the [...]
Posted on April 3, 2009 by Adam
Sorry I haven’t been around recently, folks.
I’ve been travelling to Tokyo (which takes forever, if you’ve never done it before).
I didn’t get a chance to watch the market yesterday, but I hear we had a pretty nice rally. In terms of where the market goes from here, I’m continuing to watch the Fibonacci retracement bracket [...]
Be on the lookout for an extended pullback.