Time is on the Trader’s Side

Michelle B submits: Having read a few comments at trading blogs—OK, I have read zillions—I have encountered more often than not, a frenzied, harried, stressful approach to time when one is trading. Some feel the demonic pressure crushing them as soon as the market opens; others feel enervated by its demands needling and pinpricking them [...]

Chart Request: Metlife, Inc. (MET)

Erik wrote: Could you please take a look at MET for me and tell me what you think. This is a high volume slow mover but I think it could be ready for a big push upward. It looks to me like it’s been hovering around it’s 50 moving average building strength with steady volume. [...]

Trading 101: Recommended Reading – ‘Japanese Candlestick Charting Techniques’

Learning how to use candlestick charts was probably the second most important thing I’ve learned (money management is a clear #1) since I started trading for a living. The funny thing is that when I started trading all of the charts in my trading software were defaulted to displaying candlestick charts. At that time I [...]

Let’s Review

I thought I’d walk through the NASDAQ chart for the last month or so to show you how I came up with my game plan. This chart will look a bit different than the charts I usually post because I’m showing Guppy’s Multiple Moving Averages instead of just showing the 10, 50 and 200-day moving [...]

May Lows Still Holding

After yesterday’s gap down opening the market basically ended where it opened. The indices tested last week’s lows and bounced back, making spinning tops in the process. (Note that I use SPY and DIA to do candlestick analysis on the S&P 500 and Dow respectively. That’s because of the way NYSE stocks open in the [...]