Join me on Monday for a free webinar I'll be doing as an invited presenter for the world’s largest virtual event for active traders.  My LIVE Webcast is Reading a Chart Bar-by-Bar: Making Profitable Trades.   It will be held this Monday, July 15, 11:40 am-12:10 pm EDT.  I'll go through how to read a chart bar-by-bar, how to identify key turning points in the trend, how to … [Read more...]

We are continuing to see weakness in the US Stock Market with today's inability to rally higher.  A break below today's/yesterday's lows will lead to lower prices. Four Day Trades The inability to rally set up several nice day trades today.  The first (1) was an UpThrust with demand tiring.  This brought out the supply as seen in Wave A on the Weis Wave. Another short occurred … [Read more...]

The US stock market reacted this week, putting in a lower high on Tuesday.  The monthly chart (not shown) indicates supply has come into the market.  We may have seen the highs for a while, though longer term, we have broken above the 2000 and 2007 highs.  As long as we remain above these levels, the long term outlook is bullish. Near term, we have two down weeks after a … [Read more...]

After the US Markets close today, we will hold a free webinar on reading the charts.  We've set this up as a challenge, so  whether you are a novice or a more expe­ri­enced trader, you will learn a lot about read­ing the charts.  We’ll cover charts on all dif­fer­ent time frames—from the monthly chart all the way down to an intra­day tick chart, and sev­eral impor­tant time … [Read more...]

How good are you at reading the charts?  Pretty good?  Great!  Not so good?  Hey, that's great, too! On Tuesday, we will have a free webinar where you can test you chart reading skills with other traders.  Whether you are a novice or a more expe­ri­enced trader, you will def­i­nitely learn a lot about read­ing the charts.  We’ll cover charts on all dif­fer­ent time frames—from … [Read more...]