First to the prices: It was a wild ride this week with the Dow ending up down only .24% for the week but the more broader indices continue to show weakness and they were down a comparison 2.55% on the Rut and 1.77% for the Value Line. Again that –2.55% is not enough...
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The correction has begun. Or has it? The bears are certainly thumping on the blogsphere. Computers were running full speed last night spitting out short candidates. As near as I can tell the beige book was the catalyst that caused a perfect timing sell-off. A weak new high (SPX new high on lower 52...
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I have up loaded the Market Thrust indicator for TradeStation onto my Google Site. The indicator can be accessed here: http://sites.google.com/site/redliontrader/market-thrust Fell free to download the indicator and use as-is. At some point in time I will write up info about the indicator, but in general if it is pointing up.. the A/D and...
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Today’s weekly will be written and full of confusing directional information. Last week’s OPEX and news driven trading and market top behavior have left my indicators in mixed modes. On the Bulls side first and foremost is price action. We ended another week with between a .9% and 1.5% gain on most indices....
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Good morning. The market is still in a bullish mood although Tuesday was sending out divergent messages via the indicators. Tom in the trading room correctly pointed out that sometimes you need to put the indicators away, particularly when news trumps and Tuesday was “all about the pending news”. Monday was a very difficult...
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Today for something different I have done the weekly update as a video. The expectation was that it would be quicker than writing and since pictures are worth a thousand words and I could explain the pictures more clear than in my writing, this was going to be a win-win. You can see...
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I have now had several requests to share with the trading community my TradeStation Ticks indicator. I confess that this is one of my favorite indicator and it has given me some really great entries and exits when some of my other indicators have been either chopping or stuck in neutral. I also need...
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As a child one of my favorite Saturday morning cartoons was Astroboy. My parents had a television in their room and on Saturday morning after they left the room I would sneak in, climb into their big bed, snuggle down and watch the black and white Japanese anime (only later in life did I...
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As a child one of my favorite Saturday morning cartoons was Astroboy. My parents had a television in their room and on Saturday morning after they left the room I would sneak in, climb into their big bed, snuggle down and watch the black and white Japanese anime (only later in life did I...
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Past Week: We have had our second week in a row lower but we are still in a very bullish run here. Our lowest pullback has tested that 20 week moving average, it looks like our current 20 week average and price might converge sometime this week around the 1000 mark on the SPX...
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