Good morning. The bulls are in need of showing strength and this mornings pushing back of the starting line is not going to help. SPX futures are down 7.5 now. Europe put in a slew of misses in their economic numbers early this morning. They weren’t all so bad but still disappointments. With...
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Score: 0 The 40 DPI remains on the bullish side of neutral bumping up against the overbought area. If the bulls are around they need to begin scoring some points on Thursday. Video: How to interpret 40 DMA % Index Download: StockFinder 5.0 – 40 DMA % Index indicator Follow me: @redliontrader
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Score: –6 All three indexes put in bearish scores today as the breadth in new highs continues to wane. Video: How to interpret 52 Week New Highs Follow me on twitter: @RedLionTrader
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Score: –6 Bullish breadth continues to weaken and the bear scores are creeping in. The momentum indicators for the all three indexes have turned toward the bearish direction indicating that a correction is in process. You can short rallies with caution waiting for the 40 DPI confirmation to begin heavy shorting. The more prudent...
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We closed out two winners today and we have two longs to try for on Thursday. Our scans did not turn up any shorts tonight. The CTSH was very close to making the cut. You might want to try that one on your own. Here are our current stats: Raw Candidates...
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This is an RSI-DX trade with the following rules: SYMBOL: COO 1. Buy at limit previous low – 44.87 2. Hold for 3% profit or 3. 10 days which ever occurs first. disclaimer: These trades are back-tested and no one can predict what happens in the future. There is a small...
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Premium gold level member’s trade only.. To go for gold level see: http://redliontrader.com/membership This is an RSI-DX trade with the following rules: {{{Gold}}}The rest of this article is available to premium members only.Login or Register Powered by wordpress membership plugin MemberWing-X Supported by: seo expert from MENSK, Love and Relationships Forum, Dog...
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I was going through some of my old post and found this one back in July when Dougie called the July Doug Kass – Can he call a second bottom? bottom and got nailed for it. Hindsight is bringing the picture into focus but I am sure there are plenty of bears not...
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Good morning. Europe sold off this morning as a plunging dollar and rising Euro sent ripples through the import/export world. Now that the Dollar is near 80 and has broken into the 70’s. Soon you can expect to hear stories about replacing the Dollar with the Euro as the worlds reserve currency. You...
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Score: 0 The 52 week new highs despite breakouts in all the indexes did not put in higher bars today (bearish divergence). The afternoon sell off stunted the symbols that were on track to break out. We could put in 3 more days of bars of this size or lower and still stay...
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