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 … Read More
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 should … Read More
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 services. Even after 3 years, I am … Read More
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 is … Read More
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 … Read More
