Month: February 2012
Maximum Trading Gains with the Anchored VWAP results from decades of research and application by the author. It builds on Shannon’s foundational book, Technical Analysis Using Multiple Timeframes.
Author Brian Shannon, CMT, explains how to use the Anchored VWAP (AVWAP) to make better entries and exits, to time breakouts and breakdowns, and to set stop losses. Both new and experienced traders and investors will appreciate the book’s insights and systematic approach to using AVWAP in a variety of situations including IPOs, support and resistance, market direction, short sales and squeezes, and financial news.
In the author’s words, “The AVWAP represents the absolute truth of the relationship between a stock’s supply and demand, and is 100% objective.” Every chapter includes solid advice on managing risk, which Shannon emphasizes throughout the book, “is Job One.” Shannon is a trader’s trader who avoids jargon. The book offers over 145 color charts, tables and case studies to set out a definitive framework for understanding the three most important components in the market: price, time, and volume. Readers will learn to work with the market’s psychology and their own.
The eBook is on Google Play in 70 countries.
The ebook is on Apple in 18 countries.
Cautious, NOT Bearish (VIDEO)
The market has experienced a large rally this year and now a little bit of selling seems to be bringing out a lot of nervous calls that the market is topping. Perhaps that is true and we have seen highs for a while, but markets … Read More
Stock Market Analysis & Trade Ideas for 2/28/12
Buyers Remain in Control
Although they are extended, the trends of the $SPY and $QQQ continue to be firmly higher as buyers stepped up in just ahead of key levels of support this morning. The $XLF and $SMH are more neutral and need to be watched closely, but consolidations … Read More
Stock Market Video Analysis Week Ending 2/24/12
Closing In on Inverted Head & Shoulders Target
We have been tracking the inverted head and shoulders pattern on the $SPY since December of last year as the right shoulder was forming. The two arrows on the chart below are the exact same height. They represent the height of the inverted head and … Read More
The markets have felt a little sluggish lately, but the uptrends remain firmly intact. The $SPY remains above advancing 5, 10 and 20 day moving averages and above the uptrend line. Today’s low will be an important reference point for the rest of the week, … Read More