[21:51:23] paulcarrz: tomorrow should be tomorrow LOL – see which way the tide is going in the mkt [21:51:24] JoshuaHayes: no i bet it is too [21:51:32] JoshuaHayes: right great setup for tomorrow [21:51:34] JoshuaHayes: we are flat [21:51:36] JoshuaHayes: up or down [21:51:42] JoshuaHayes: either way it is day one of a rally attempt [21:51:45] paulcarrz: or up then down [...] A Conversation On Super Bowl Sunday (Chat Room) Read More →
Heavy Selling Grips the Market as Stocks Close Near LowsSellers stormed the market as jobless claims rose and sovereign debt fears ravaged the market. In addition, New York Attorney General Cuomo announced charges against a large bank sent fears throughout the financial sector. Volume soared and the “fear index” VIX jumped nearly 21% showing traders are becoming more fearful. Jobless claims jumped as more [...] Heavy Selling Grips the Market as Stocks Close Near Lows Read More →
Trade Lightens up as Stocks Pull Back from Its Two Day RallyDay three of the current attempt at a rally was a quiet day for stocks. Volume pulled back nicely as well as stocks. The market appeared to get support near the lows of the day and finished above the mid-point of the day, a bullish sign. During attempted rallies you simply do not want to [...] Trade Lightens up as Stocks Pull Back from Its Two Day Rally Read More →
Oversold Bounce Lasts Another Day with Volume on the RiseStocks rose for the second straight day as volume rose above average. As the major market averages live below their 50dma the coming few days will be a very big tell on the direction of this market. Today was a move in the right direction for the bulls in this market. Rising volume on the [...] Oversold Bounce Lasts Another Day with Volume on the Rise Read More →
Volume Lags as Stocks Jump HigherExtreme oversold conditions setup Monday’s rebound. Institutions failed to step up and support the market as volume was well off from Friday’s levels. A stronger than expected ISM number set the tone for the market early on. Volume really began to fall off as the day wore on and traders failed to be inspired with [...] Volume Lags as Stocks Jump Higher Read More →
Once again stocks were able to extend their gains from Monday’s trading session and push higher for the 7th consecutive day. Accumulation has stepped into the market, but on Thursday the vigor wasn’t up to par with Wednesday’s level. For much of the day stocks spent time around the unchanged levels. It appeared the NASDAQ was going to eek out small gains and the S&P 500 was going to finish lower in slower trade. However, the market had other ideas sending the market to new highs... Read more »
By Market Speculator Once again Crude Oil took a major blow Monday as well as other commodity prices. The IMF revised its growth causing panic in the World Recovery thesis. Technology stocks also took a tumble Monday as investors were fleeing technology names. Stocks were simply sold today as sellers wanted to cut loose at all costs. Closing at the lows of the day is a signal that sellers are in full control. Leadership has been showing weakness for the past two weaks and is finally beginning... Read more »
There is simply no better software that I use to scan the market than Telechart. This program allows me to consistently beat the market by using the proper price and volume tools that this program gives you for such a low price. It has not been named best software under $500 a year for almost 15 years in a row for no reason. This software comes with the proprietary indicators of TimeSegmentVolume, Balance Of Power, and Moneystream that you can not get in any other software package. Though I do not... Read more »