Yesterday, I was invited to do some live trading in a webinar for Infinity clients. As always, it was a lot of fun to talk with and teach traders. In addition to me, Tom Williams, creator of Volume Spread Analysis, Phillip Friston, a UK fund manager and VSA expert, and Gavin Holmes, TradeGuider CEO and VSA expert were all there. It was a real pleasure for me to be in such … [Read more...]
S&P Levels for Today
Yesterday painted highs and lows inside Friday's range. Watch for increased volatility today. The levels for today are the same as yesterday's: S&P Levels … [Read more...]
A Power Tool for Traders
DailyFX has published one of my articles on their website. It's about using the trading journal, which I believe is one of the very best practices a trader can adopt: Trading Journal - A Powerful Tool to Accelerate Your Trading Skills Every Day Many traders have heard that a trading journal can be important to their success, but they do not know why it is important nor have … [Read more...]
S&P Levels for Today
Friday, the market made a higher high and a higher close. The market filled the gap left from February 22 and held above the key 1327.50 level. This is a key level because of the supply that came in on Feb 22 and March 1. The market's ability to hold this level shows resiliance and a general persistance of buyers. We did see some selling come in on Friday afternoon. This … [Read more...]
Perspective
At the end of each month – and especially at the end of each quarter, it is useful to look at higher time frames to gain a broad, overall perspective. Doing so can help us see above the din and clamor. For a little perspective, the first chart is a monthly log chart of the S&P 500 cash index that goes back to January 1, 1960. It ends March 31, 2011. It shows pretty … [Read more...]
