There were eerie similarities in today’s Fed Day action and that of September 23 in form and structure. Let’s compare these two days and focus mainly on price action and reaction.
September 23 SPY 5-min:
We’re looking just at the Price and the TICK as well as the 20 and 50 period EMA which... Continue Reading
Submitted BySal Mangano
How awful was today's non-farm payrolls report?
Let's start with the bad news:
Nonfarm payrolls for October fell 190,000, which is worse than the decline of 175,000 that had been widely forecast.
Job losses for the previous month were upwardly revised to reflect nonfarm job losses of...
Submitted BySal Mangano
On Monday I asked if semiconductors were a bargain yet. I proposed that very soon they would be and then the sector would be a clear Buy.
Quite frankly, the sector didn't quite fall as far as I thought it would and now today, in the midst of a tech resurgence based on Cisco's better than expected...
Submitted BySal Mangano
This post is announcing that Thursday's Swing Signals, Trend Leaders, Trend Busters and Gap Signals are now available at Alert HQ. All are based on daily data.
Today we have the following:
369 Swing Signals -- 367 BUY signals and 1 SELL Signal plus 1 Strong BUY.
81 Trend Leaders, all in strong...
Submitted ByCorey Rosenbloom
I've been showing different posts on the dominant Andrews Pitchfork tool on the S&P 500, and I wanted to update the chart to show the recent price bounce off the mid-point line which was rather interesting. Let's take a look...
Submitted ByTrader Mark
Apparently I missed the "going out of business" sale on stocks announced this morning. So we sell off late yesterday (bearish), and today - everyone wants back in.... ahead of an important announcement. Just like they did yesterday morning? What day is it again - this all looks...
Submitted ByCorey Rosenbloom
There were eerie similarities in today's Fed Day action and that of September 23 in form and structure. Let's compare these two days and focus mainly on price action and reaction...
Submitted ByTrader Mark
Next week we'll have an update on our performance metrics (as we do every 4 weeks) and I'll do a full update on pledges for launch, but I thought I'd take a moment to address some questions I often receive - especially from newer readers.
We have a lot of email readers so I want to stress that on...
Submitted ByTrader Mark
As we await the the gods on Mount Federal Reservus to let the humans know their fate, we have an excellent presentation by Whitney Tilson of T2 Partners - embedded within his monthly investor letter. While others have done a better job of self promotion, Tilson actually made many prescient calls on...
Submitted ByCorey Rosenbloom
It’s back! Robert Prechter’s Elliott Wave International has opened its services for a “Free Week” trial of their subscription forecasting services from November 4th until next Wednesday, November 11th.
During that time, you will receive access to the three-times per week “Short Term...
There were eerie similarities in today’s Fed Day action and that of September 23 in form and structure. Let’s compare these two days and focus mainly on price action and reaction.
September 23 SPY 5-min:
We’re looking just at the Price and the TICK as well as the 20 and 50 period EMA which... 
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