(There are already 93 likes on the TraderMike facebook fan page! If you haven’t liked this site already, please do and help us get to 100!) A very strong day for the market as the major indices posted their first notable accumulation day since mid July. August lows are now very well established and we [...]
(Tonight I am trying out some charts with colored bars alongside the normal black bars. Which do you prefer? Comments are on so please feel free to share your opinion on which you like better!) After a nice AM gap to the upside, the market quickly ran out of steam and reversed. By midday we [...]
(The new Trader Mike facebook page was already seeing some activity today. If you want to discuss the market during the day with me, this is the place to do it. 49 Fans so far, why not be the 50th?) Yesterday I commented on the weakness of the rally off the lows and noted a [...]
Another fairly uneventful session leaves the market in a peculiar situation. Even though the market was overbought heading into this week, it would have been good to see a push higher towards the key resistance levels mentioned previously (2600 and 1250) before a reversal. If these last two days of mostly horizontal action break into [...]
(For those who could not access this site or StockTradingToGo this afternoon, I apologize. My hosting provider’s main data center lost power in Texas thanks to the heat wave and was down for some 6 hours.) Another volatile session today favored bears. Most of yesterday’s late afternoon gains were lost and the indices finished down [...]
