Today I look at some overbought conditions both on the RSI and MACD, and explain the significance in these embedded environments as we hit some extremely strong necktie resistances between two huge trendlines. While the 38.2% are very close, and people expect us to hit it, I believe the first push lower of either a [...]
First of all I want to go ahead and admit that I was wrong when I said that the market would go up early in the morning and then reverse in late trading to fall about 1-1.5%. That was my intuition but it obviously didn’t happen. The market continued to stay at very strong resistance [...]
Effective Video Technical Analysis Trade Plans Delivered Daily from AccendoTraders.com This video discusses the frustrations many traders express about the stock market having a vendetta against them. The video goes on the explain that technical analysis and market knowledge is the cure to these feelings. Developing a sound trading system with rules and checklists is [...]
Zecco, which provides Free Online Stock Trades through Zecco Trading, has created a series of video tutorials to help improve your understanding of stock trading. This video covers technical stock analysis, including technical indicators, investing education, using technical indicators like MACD, Mac-D, volume, and stochastic.
Today my friend traders and I looked at a massive selloff which we have been calling for since we hit 87.50$ on the S&P or 876$ on the $SPX. The rally in the last few weeks had no consolidation and the volume dried up leading into that strong resistance, which provided a great shorting opportunity. [...]
Hey guys, Today as we expected (and showed on the last video) we saw a continued upward consolidation to 38.2% retracement across all stock equities before the momentum turned around in late trading on friday. In addition to just hitting the fib retracement, this weekend is a three day weekend (due to memorial day on [...]
Today I looked at the incredible action that we got from the S&P. A 3% move higher is very strong price action, and even though it looked very unpredictable and the volume was incredibly low, it must be respected and the bulls might get the benefit of the doubt for tomorrows trade. There was some [...]
www.todaytrader.com.Day trading in stocks is both risky and difficult. Please consult your financial advisor before attempting to trade actively. TodayTrader is not responsible for any content that may be viewed on this channel. These videos are not meant to be recommendations in the market. Day trading equities requires a retail account balance of at least [...]
Zecco, which provides Free Online Stock Trades through Zecco Trading, has created a series of video tutorials to help improve your understanding of stock trading. This video covers technical stock analysis, including technical indicators, investing education, using technical indicators like MACD, Mac-D, volume, and stochastic.
WOW! – we did it again 2 and 4 point profit hit
