We just finished an excellent free webinar on reading the market bar-by-bar. It ran for a little over an hour and went into some depth on assessing the market by its primary language: price bars and volume. We also briefly discussed what will be covered in the webinar on bar-by-bar chart reading next week. Access & Comments We’ve put the recorded webinar on our website … [Read more...]
Free Webinar Today!
Please Note: I made a mistake in the time. The free webinar starts at 5:00 ET, not 4:00. A little later today at 5:00 Eastern Time, we'll be holding a free webinar on reading price bars and volume bar-by-bar. We've had several emails asking what will be covered. We try to pack in a lot of good information for traders in the work we do, including the free stuff. In the … [Read more...]
Friday’s Trades as Market Fell/Free Webinar
Thursday, January 16, was a confined trading day on light volume. Traders would be looking for upside development after this potential test (see daily chart at A). Had the test been immediately successful, new all-time highs in the S&Ps would have occurred. But that didn't happen. After dropping briefly under Thursday's low (see intraday chart at B) and … [Read more...]
Morning Sell-Off Ends with a Spring
Today was an interesting trading day. The market sold down from the overnight high. Although selling was dominant during the early part of the US session, it wasn't overwhelming enough to trigger a trend day down. The Weis Wave told us that. So when the market reached yesterday's low and failed to bring in supply, a Spring was initiated. Thrust in the price bars shortened … [Read more...]
Follow Up to Yeasterday
In last night's post (see that post by clicking here), I suggested that we look for the market to hold around Friday's low and look for a rally to the 1830 level in the S&P e-mini futures. The Asian and European sessions saw buying above Friday's low and then rally. After reaching a high of 1832.50 at the US open, the market had an UpThrust on light volume and ran down … [Read more...]
