The dollar was unable last two weeks to break that 83.50 necessary to give the reverse head and shoulders that formed any confirmation. I would expect over the next two week to watch sideways to down as we retest the $80 area. That will be bullish for the market. Having a stable dollar will...
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A Ned Davis 4% buy signal was created on Friday’s close. Over the next few days for a longer term hold the an entry below Friday’s close should put you on a good track. Here is a result of the other buy signals performances using leveraged RUT2000 ETFs. The system will not trade...
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![How the sectors moved for the week. $STUDY [Chart]](http://redliontrader.com/wp-content/uploads/Howthesectorsmovedfortheweek.STUDYChart_918B/image_thumb.png)
Banks ended up on top for the week with a nice 5.5% close which is phenomenal when you see that at one point during the week the banks were down –2%. Semiconductors had the weakest week up just 2% but again a nice recovery from being down over 4%. Weakest for...
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The Volume Weighted Moving Average is the sum of the number of shares bought times share price divided by the total number of shares bought: It can be used as a support and resistance type indicator where price is “attracted” to the VWAP. Moving below the VWAP shows weakness, above strength. ...
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Joining RedLionTrader.com as a premium member for a one time payment of just $49.99/year gets you access to our Ten Day Trades and an Indicator per month. A single good trade is work $49.99 and several of our indicators sell on the internet for $499 or greater.. just for an Indicator! But...
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The SPY trade just closed out: That turned out to be a 2 day play in a 10 day window. Link for Trade: http://www.redliontrader.com/headline/spy-7-day-trade-for-2-5-gain/ Ten day Trades: http://www.redliontrader.com/active-ten-day-trades/ Important News for Go For Gold, Price going up to $49.99/year on Thursday. Timer is set… First thank you all. For those...
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I want to add another short to our portfolio since we traded out of G today for a couple of percentage points.
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A minor revision of !RL_Name was released today. The new version allows for the custom setting of text color for the applied name. The new indicator can be downloaded for free from: http://www.redliontrader.com/indicators-3/rl_name-text-naming-indicatorutility/
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The dollar is still not able to break out of that 83.50 area to the upside which should mark a march up to the $87 area. A failure in here will send the dollar back to the $80 area. Markets were weak Monday night, and a meltdown this week of the US stock...
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Yesterday we had a down volume to up volume ratio of greater than 9:1. In addition we had a low volume day. Most extreme up/down volume ratio days are marked with good volume, yesterday’s was not. In fact yesterday’s volume was the lowest for the 5 trading days. This trade is based...
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