Are the Charts Giving us Early Indications of a Santa Claus Rally? Santa Claus, or Father Christmas as they say in the UK, may be smiling early this year. In Saturday’s free webinar, we discussed IWM (the ETF for the Russell 2000 Index) on a bar-by-bar basis. We noted that IWM was showing strength, though it has been weaker than the other US indices (SPY, DIA, QQQ). Both … [Read more...]
Trader Challenge: P&F Chart
Trader Challenge How well do you know Point & Figure Charting? Traders may think that a point & figure chart is only useful to estimate targets of future price moves. While projecting likely targets is a valuable feature of P&F charting, it’s not all that they tell the savvy trader – not by a long shot! A P&F Chart can also tell you what the market is about … [Read more...]
A Lesson in Day Trading Stocks: VRX
Yesterday, some traders were bemoaning the swift move down in VRX, an NYSE Pharmaceutical stock. Apparently, they were long as the stock fell throughout the day—an almost 15% loss from Wednesday’s close. It offers a good lesson in day trading stocks. Day Trading Stocks: Comparative Strength & Weakness When trading stocks, we always want to assess a stock’s relative … [Read more...]
Free Webinar Saturday
How to Read the Market by its Own Actions On Saturday, November 7, Dr. Gary Dayton will hold a free webinar covering recent market action where he demonstrates how to anticipate the market’s next move by reading price and volume only, bar-by-bar and swing by swing. Do you trade the S&Ps, stocks, FX and ETFs? We will touch on all these markets, on both intraday and swing … [Read more...]
Free Webinar! Learn How to Read the Market by its Own Actions
Join active trader and psychologist Dr. Gary Dayton in an eye-opening and instructive review of recent market action where he demonstrates how to anticipate the market’s next move by reading price and volume only, bar-by-bar and swing by swing. We’ll look at the S&Ps, a stock or two, the FX market, and an ETF from intraday and swing trading time frames. You will learn … [Read more...]
