Today’s intraday price action gave me a chance to show you two specific Fibonacci Retracement grid examples of how to use the “Fibonacci Retracement” tool to find potential trade entries or reversals in price. Let’s take a look at them and learn how to use this tool.
When you draw a... Continue Reading
Submitted ByTrader Mark
Aside from E-House Holdings (EJ) which completely fell flat on its face, one of the best earnings reports of the past few weeks was Ctrip.com (CTRP). Unlike EJ, the stock gapped up after earnings and tacked on a bushel of points. Today the stock has come back and filled it's "gap" in...
Submitted ByTrader Mark
Hat tip to Paul Kedrosky for this eye opening chart. The source data can be found here but as they say a picture is worth a thousand words; clearly there is a localized depression in the metro Detroit area.
[click to enlarge]...
Submitted ByTrader Mark
Below is a guest post, reprinted with permission of author Vitaliy Katsenelson who writes often at Minyanville.com. I don't have as much time to read the site as I used to, but he is definitely one of the more thought provoking writers at the site.
If you are new to FMMF, I wanted to...
Submitted ByTrader Mark
All eyes microchips seem pointed at S&P 1100. As we wrote Monday during the morning surge:
I hate to use the word "resistance" anymore since all resistance has been futile so maybe we'll use "resting point" from now on. I'll start looking at the next "resting point" for the...
Submitted ByTrader Mark
I emailed the the originator of this list, Eddy Elfenbein of Crossing Wall Street, to see what his parameters for "Top Stocks of the Decade" were and there was but one:
The universe was any stock traded on a US exchange that had a price of at least 50 cents on 12/31/99. ...
Submitted ByTrader Mark
I see a lot of extended charts out there as we move into what seems like day 82 of consecutive upside, along with some bond fide breakouts. While we should only be so lucky to catch another Potash (POT), one chart that caught my eye last night was Freeport McMoran Copper & Gold (FCX)...
Submitted ByTrader Mark
Much like Hugh Hendry, I can watch to Marc Faber videos all day even if I did not agree with a thing either fellow said. They just have an entertaining spectacle about them. Hence we must devote 1 post a month to Mr...
Submitted BySal Mangano
This post is announcing that Tuesday'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:
22 Swing Signals -- 19 BUY signals and 3 SELL Signals.
411 Trend Leaders, all in strong up-trends according...
Submitted ByTrader Mark
Just something to keep your eye on as your politicians promise you that the US will be the world leader in green tech jobs. In fact they will have to layer countless more debt on your children and grandchildren for temporary "green jobs" jobs, to make this mirage come true - for a...
Today’s intraday price action gave me a chance to show you two specific Fibonacci Retracement grid examples of how to use the “Fibonacci Retracement” tool to find potential trade entries or reversals in price. Let’s take a look at them and learn how to use this tool.
When you draw a... 
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