One of the main activities that trip up traders, especially new traders, is the concept of continual price movement in one direction without meaningful pullbacks – also known as “powerful trends,” “creeper trends,” or “positive feedback loops.” Let’s take a look at the current situation and put… Read More

Amazon’s (AMZN) chart structure is creating an interesting breaking point of tension between the higher and lower timeframes. While the daily chart argues for potential reversal higher, the weekly chart shows a barrier of overhead resistance that must be… Read More

  It hasn’t been an easy environment to invest in. Fundamentals seem not to mean anything. The market paints with a super broad and emotional brush. Everything seems to go up and down at… Read More

  Investors are buying with both hands right now… that’s why it’s crucial to know when to sell. In the last five trading days, the S&P 500 has rallied nearly 9%, prompting investors to call out the “all clear” signal as stocks… Read More

For those of you who use the NYSE TICK in your intraday trading, it’s very important to understand that the reference  TICK extremes – highs and lows – changes as a factor of… Read More

Gold fell sharply from the $1,800 resistance level, so let’s take a look at what led up to the fall and what the current structural levels to watch are for gold, including a Fibonacci Cluster near $1,730. First, the Hourly Structure: First,Gold’s Hourly (… Read More

Wow – if you missed the post-market action in IBM’s earnings announcement, you missed a huge move that took so many traders by surprise. While this post will focus mainly on key lessons from the charts, it’s worth noting that trading around… Read More

Last week I covered one of the important tools I use, parabolic patterns. Today, I would like to cover volatility and how you can use it for binary profits. Surge-and-sell market turbulence can be translated into a quantifiable property known as volatility. Read More

Did you see the cover of The Economist last week? Inside a picture of a black hole is printed, “Until politicians actually do something about the world economy… BE AFRAID.” Wow! When a theme makes it to a magazine cover, it can… Read More

Only a couple of weeks removed from the double-dip sirens sounding around every corner of the financial world, investors have cast aside gloomy predictions in favor of blind bullishness. Traders eagerly chased the market up to dizzying heights to start the week,… Read More