Traders watching the S&P 500 have at least four possibilities for market proxies (and most other major indexes have similar issues), but they’re not always created equal. Some instruments do some things better than others and some are completely inappropriate for certain uses. Let’s start with looking at the pros and cons for each SPY proxy: SPY: An ETF that … Read More
Decoding Pullbacks: A Case Study in RIMM Post-Earnings (9/17/10)
Last week, a reader asked for an example of an easy technical play… a lay-up. Here is an example of One Good Trade in RIMM – a pullback short supported by multiple technical factors.
Interpreting Price Action: Unveiling Support and Resistance
An important element of price action that can give a trader some insight into the probability of support/resistance holding or failing.
A blast from the past: A note from myself in 2002…
A very simple pattern that is the basis for all price action.
Identifying the ABC Trading Pattern: A Key Trend Reversal Indicator
A simple pattern in context of a more complex trading day.
An important market pattern
A high-probability trading pattern that offers good risk-reward with clear risk management points.
Time of Day Tendencies in the S&P 500
A look at some time of day inflection points in the broad market.
Back to Basics (Part One of Many…)
The first in a series of blog posts on the building blocks of technical analysis