Markets In Transition – Economies Too?
I fully understand today’s trading mantra of ” I don’t care!” It makes total sense if you are just trading the number according to what your signal generator is telling you. However, it can become a nagging problem when the trader in you surfaces and begins to haunt the thought process by questioning the “Who, […]
Continue readingNew Highs Arrive – Where is all the Fanfare? Wednesday’s Chart – Updated Elliott Wave Count -Monthly $DJIA
Did I miss something? I don’t remember hearing any shouts of joy or any applause when the S&P moved to new all times. Nor did I hear any shouts or applause when the NASDAQ-100 pushed to new 15 year highs or when the Russell 2000 finally and I mean finally moved up to a new […]
Continue readingLogical Market Update: Equity Index Market Update
Equity Index Market Update The last three trading sessions have appeared to be mirror images of the same trading strategy. Amazingly, there are players out there (large players) that still believe manipulation goes unnoticed and their tactics on how they manipulate is legal. The fact is it isn’t but there is little being done about […]
Continue readingLogical Market Update: RUT 2000 Remains Weak Link – DJIA, S&P 500 Push to New Highs – Correction Likely Soon
Russell 2000 Remains Weak Link as the DJIA and S&P 500 make additional New Highs. Volumes are again Light – Complacency is High- Volatility is smashed to New Lows – Another Correction Likely Soon. I’ve said it before and I’ll say it again – it only gets more confusing and difficult going forward. There […]
Continue readingLogical Market Update: Algorithmic Trade Dominates Wednesday – Trading Opportunities Remain Plentiful
Algorithmic Trading Continues to Dominate Trading – Trading Opportunities Remain Plentiful. The best-laid plans don’t always seem to go accordingly. Wednesday’s opening seemed to signal that the markets would move lower and things could get “ugly” as they say. Well, that was until the algorithmic trading computers were turned on after the first 30 […]
Continue readingLogical Market Update: Algorithmic Trading Pushes Volatility to Lows – Day Trading with the DTS “Birds”
Algorithmic Trading Pushes Volatility to Historic Lows as the Range Bound Trading Continues – Day Trading with “the Birds”. Algorithmic trading dominated trade across the board on Tuesday, as the DJIA and S&P 500 futures rallied strongly and then were held higher on low volumes. The oscillators have quickly moved into overbought readings yet […]
Continue readingLogical Market Update: DJIA Seven Up Days! Many Overbought Readings
DJIA makes it seven in Row (Most successive up days in a year) – Is This Reason to Jump Into the Game? – No, but continue to seize the Opportunities as long as they are available! Here’s how one news service put it: Stocks started the week by chugging higher again, as the Dow Jones […]
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