Review & Ideas for 4/1
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Oil is up 2 dollars this morning and the daily chart is looking bullish. Keep an eye on the oil stocks mentioned in yesterdays video. inset on chart is todays action
After the market bounced from the rising 5 day moving average on Tuesday, the Russell 2000 made a 52 week high and is just a couple percentage points from all time highs. This video looks at key levels for the markets and some individual stocks which look setup to continue higher.
A common question I receive is, how do you display a 5 day moving average on a 10 (or 30) minute timeframe? SEE CHARTS BELOW When looking at moving averages you have to consider which timeframe you are looking at. If you have a chart with 10 minute candles, overlaying a moving average with the … Read More
Why do you talk about the five day moving average so much? See charts for answer.
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The market is giving us a lot of mixed messages right now, this video looks at some of the important near term levels.