Market Acts Constructively The US Stock Market as represented by the S&P e-minis had a constructive week last week. After rallying out of an oversold condition in mid-November, the market pushed up underneath the trend channel at A. It hung there for two days and then on Wednesday flushed out longs who had jumped on board as the market rose aggressively. The shakeout … [Read more...]
The Value of a Wyckoff Perspective
There is no doubt in my mind that the Wyckoff perspective offers the modern trader a very strong technical edge. Today - like virtually all trading days - provides excellent examples of Wyckoff principles. Keep in mind that the Wyckoff method is all about reading the market by its own actions. Surely it is not infallible, but the astute Wyckoff student can read much in price … [Read more...]
S&Ps Ready for a Reaction
I am posting this a little late - I had meant to post last night but forgot to publish it! We are just back from the Thanksgiving Holiday where we spent time with our family in New Hampshire hiking and enjoying our beloved mountains. Now, it is back to work! Today (Tuesday, November 27), the market failed to rally higher. Resistance at the 1407 level held throughout the … [Read more...]
Momentum Oscillator
Hi Gary, I’ve watched the Momentum Oscillator webinar 3 times and checked out the bonus emails 2-3 times….lots of study and head work for me to get a feel for the momentum oscillator- I’ve never really used an oscillator properly before. The webinar is great- just what I was looking. After the bonus emails, my learning and knowledge deepens. This is a wonderful tool, if, as … [Read more...]
Happy Thanksgiving!
Happy Thanksgiving! This is the time of the year those of us in the US pause to acknowledge and appreciate what we have. Helen and I have much in our lives to be thankful for, not the least of which is our wonderful community of traders from across the globe. We wish to offer a warm and heartfelt 'thank you' to each and every one of you for being a part of our little corner … [Read more...]
