Even though the market has been showing a lot of daily price bars overlapping one another recently, there are still levels at which the market can be watched carefully for buying or selling to reveal itself. In Deep Practice this week, I highlighted the narrow green box on the daily chart as an area that the market could find support, should it chose to return to that level. … [Read more...]
Post Hurricane Trading
After being shut down for two days, the US Stock market reopened yesterday, despite the hurricane damage and enormous cleanup to be done in and around Wall Street in lower Manhattan. As I mentioned last week, there is weakness in the market and that played out yesterday. The market rallied up to and failed to hold the 1416.75 high put in last Thursday (October 25). Note the … [Read more...]
