General Comments
Reader Tom sent me a note: "I am hoping you can help me. I set a goal for myself in 2013 that I would study the Level 2 Screen. I set a goal and I kept it. I was at the screen nearly every day the market was open.
Breakout
[dc]I[/dc]f you are a discretionary trader, you might also consider using some trading systems. In my published research, I publish three types of trades: purely discretionary trades (on both weekly and daily timeframes), a pullback system, and a longer-term trend following system. These systems were carefully selected
Chart of the Day
Daily S&P 500 Cash Index with SigmaSpikes® I would like to share a note that I published in my daily research this morning: Yesterday's downward closes in major stock indexes deserve some attention; as our readers know, we have long held a strongly bullish bias, and
Chart of the Day
[dc]T[/dc]hough perhaps not properly a "chart" of the day, I wanted to share one of the several stock screens that we publish in my Waverly Advisors research. This screen highlights stocks that are consolidating with low volatility near the high (or low) of their 52
Climax
Double, double toil and trouble Fire burn, and cauldron bubble. -Shakespeare [dc]B[/dc]ubbles seem to be the theme of the day. Headlines like "Why Stocks Are Undoubtedly Experiencing a Massive Bubble", "Nobel Prize economist warns of U.S. stock market bubble", and "Shiller
Chart of the Day
The chart of the 30 Year Treasury futures shows an important formation. First, we are short Treasuries, (in my published research) and have been for a while; the trade has performed moderately well, though we haven't really seen any sharp downside momentum. That's ok—some trades
Chart of the Day
The media, both major and social, seems to be filled with people proclaiming that stocks are in a bubble. Bubbles do occur, but the current market shows no signs of a bubble. Bubbles have, historically, been associated with specific types of trend accelerations and volatility conditions, and have ended in
General Comments
[dc]W[/dc]eek three of the course is now live. You can access it from the main page for the Course, which is here. This week is a very information-heavy week, so be prepared to spend some time absorbing the material. The first video is about an hour and
Chart of the Day
Two ideas to think about today: First, there are many ways to track relative strength. One of the simplest is just to look at returns (returns are simply a way of saying "percent changes") over time period (a month, 6 months, a year, etc), but this method suffers
Chart of the Day
I find it useful to drill down into each major sector and look at the behavior of individual names. One way to do this (and one I highly recommend) is to flip through charts of the entire S&P 500 every day, but that is time consuming and not
Chart of the Day
Swing charts can clarify structure and eliminate noise. This is a daily chart of the S&P 500 (cash index) with our AlgoSwings® indicator applied on two timeframes. This tool does a fantastic job of eliminating the noise and highlighting the important market structure (but remember that it is
General Comments
[dc]I[/dc] want to take a moment today to share a bit about the trading course I am creating. For those of you who someone have escaped my barrage of tweets and posts and don't know about it, I have just started what will eventually be at