In technical analysis, prior levels of resistance or key moving averages tend to act as support in an uptrend. True support is only know after the fact. Once has tested a level , it finds support and then continues higher we can say that it held and then purchase the renewed upward momentum with a […]
Markets are cleary extended but the trend remains higher. How much further it can travel is anyones guess, play a strong defense and don’t fight the trend!
If you are unfamiliar with concepts mentioned in the video Please VIEW THIS RECORDING of a webinar I did Thursday after the close.
It was one of the more volatile weeks we have seen for stocks in a while and now we have to assess the damage and look at what is most likely going forward. The Russell 2000 tested a major level of support and the quality of the bounce from here will determine whether we […]
After becoming interested in trading the markets in 2009, I signed up for a subscription to Alphatrends, as well as a few other services. The distinction between Brian’s work and that of the other folks’ was evident almost immediately, so after about a month I cancelled the other […]
Markets continued lower this week as levels we were eyeing as potential support provided no safety for longs, showing us once again why we refer to the levels as potential During a pullback like we are experiencing, technical analysis provides valuable clues to where battles for control are likely to take place. Our job […]
Markets gave us reason for caution and if you listenend to the message, you saved money on the long side or perhaps made some money short. The video below takes a look at trends and key levels of support and resistance in $SPY $AAPL $QQQ $IWM $XLF $SMH Oil and Interest Rates.
Please note the […]
A Good One For Mom
Brian Shannon April 2, 2012
Let me warn you, if you are looking for a high octane stock which you can trade for short term gains, this story isn’t going to appeal to you. But if you are interested in a large cap stock with low volatility (beta of just 0.55, or […]
Markets were quiet as the recovery from the selloff early last week is digested. Longer term trends remain higher and that is why we remain bullish with an eye on key support levels outlined in the video below.
After giving us reason to be more cautious earlier in the week, markets recovered nicely and repaired the short term technical damage. The video below takes a look a the trends in $SPY $QQQ $IWM $XLF $SMH