The news will likely continue to affect the markets - at least until Tuesday.  It is hard to believe that the US Congress will fail to raise the debt ceiling, but history is replete with people making foolish blunders.  So, caution is a good watchword for tomorrow. On Friday morning, we saw the market fall into an oversold position in the hourly trend channel.  More … [Read more...]

I was thinking last night that it might be helpful for those who participated in the Momentum Oscillator webinar to see how I use the oscillator day to day for the next two weeks.  There is only so much I could cover in the webinar (even though it went on for nearly three hours!), and this will give me an opportunity to show you some of the nuances you should find helpful. I … [Read more...]

I've just finished the slides for tomorrow night's webinar on using a momentum oscillator.  It will be an excellent training event.  You will come away with real knowledge about how to use the oscillator. We will go into depth on what this tool really does and how it does it, including several trade setups based on the straightforward use of this oscillator (including the … [Read more...]

Here is a trade setup based on the momentum oscillator and multiple time frames.  It yeilded 6 points.  If you are interested in learning this and other uses of the momentum oscillator, check out this link: Momentum Oscillator Training Webinar.  The webinar is on Wednesday night (recording available) and members of our community receive a discount (check your email or send a … [Read more...]

The last few days have given us typical examples of my favorite upside trade: the Spring. On Monday, we set up for the Spring story on the daily chart.  I wrote about it in my last post, here.  In that post, I mentioned that the 1327 area could pose difficulties for the rally, and we did see some minor supply come in at that level yesterday. But the market did not give back … [Read more...]