Last week, we saw the market rally up into new high ground for the year. As we have been discussing for many months, the market overall remains quite bullish. There has been no serious indication of supply thus far. The daily chart below shows a nice gap up and island reversal. … [Read more...]
S&Ps
Today’s S&Ps Trading
We have rallied for three days in a row. We are beginning to see a little shortening of the thrust on an increase in volume. Yesterday, all major US markets made higher highs, except the Nasdaq. It painted an inside day. Inside days can lead to trending conditions. So, watch the Naz today for early clues. Levels I will be watching today are yesterday's high at 1358.50. … [Read more...]
Levels for Today’s Trading
Watch the Russell 2000 today. It was the only market to not make a new high yesterday. How it negotiates the 85.88 level (basis the ETF IWM) will tell us how the market will act today. In the S&Ps, 1337.75 could be tested. Yesterday's low comes in at 1334.50. We are trading near yesterday's high of 1346.25 this morning. 1356.00 is a level to watch if the market … [Read more...]
Live Trading Archive
On Friday, David Weis, Tom Williams, Gavin Holmes and I got together for a web seminar on the Wyckoff - VSA Method. We had live trades and discussed Springs, Point & Figure Charts and VSA indications. Click Here to Access the Archive Video … [Read more...]
Traders Expo Dallas
I'll be going down to Dallas in June for the Traders Expo. The MoneyShow & International Traders Expo have added Dallas to their roster of locations where they put on the Traders Expo. I always really enjoy these events. I was a speaker in Las Vegas, and that was great fun. At the New York Expo I took a trading class -- two, actually, and learned a few new things that … [Read more...]
