The range has narrowed down over the past two days in the S&Ps and yesterday was inside the range of Wednesday's trading (US session).  This typically leads to increased volatility and the potential for trending conditions.  However, it is Friday - usually a low-key day - and April Foool's Day, as well, so who knows what we will get today! I'll be watching for a breakout … [Read more...]

Another of my articles at DailyFX.com.  This one outlines seven steps to take to turn a loss into something of value rather than something to sweep under the rug.  You can find the article here: Guest Commentary by Dr. Gary Dayton: How to Survive and Thrive a Trading Loss. … [Read more...]

Yesterday, the market held it's gap open and rallied into the 1327.75 resistance area.   It then turned sideways for the rest of the afternoon and closed in the middle of its range.  Overall, the market continues to be bullish. The Russell 2000 made new highs on the year.  The Dow is not far behind.  Today may see further consolidation, though since it is the end of the month … [Read more...]

Overnight, the S&Ps returned to the 1320 area that had been a key reference level through February/early March.  Lots of trading around this level during that period.  You can see on the 9,000 Tick chart how the market accelerated through that area last night and then came back to test it, indicating its importance. Yesterday, the market had an outside up day, which often … [Read more...]

We have two places left for the Spring Chart Reading Mastery Course which starts Wednesday.  If you are interested in securing a spot, you might consider it now.  And, don't forget, you can still save $400 by using this coupon code at checkout: Mastery400 Register here: Chart Reading Mastery Registration Chart Reading Mastery Chart Reading Mastery is a course  that I teach … [Read more...]