Tag Archives forsupport and resistance

Logical 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 […]

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Logical Market Update: Natural Gas Fails to Ignite a Rally – Price Volatility = Opportunity

Natural Gas Fails to Ignite Rally – Thursday’s Lows Just Above Important Near-Term Support – Increased Price Volatility = Opportunity   Natural Gas dropped over 4% quickly after the latest EIA report showed U.S. stockpiles increasing beyond forecasts.  The August future was off over 18 cents touching 3.55 before recovering to close at 3.59.  The […]

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Logical Market Update | Markets Continue to Inch Higher on Low Volumes | LinkedIn Surpasses Expectations

Spurred on by LinkedIn’s Stellar Earnings Report the Markets Continue to Inch Higher on Low Volumes Friday’s trading action again left many on the sidelines wondering what to do. Yours truly included. If it wasn’t for the Japanese Yen (plug this one into the DTS system for some great trading!) I would have been mumbling […]

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Market Update | Choppy Trade Leaves Traders on the Sidelines and the Markets Still Overbought

Wednesday’s market action was choppy at best. Again, the bulls are not willing to give much here believing that any downside is a gift to get long or longer! Unfortunately, this does nothing to change the near term picture. Technically, the markets and most equities are still at extreme overbought levels. With volatility remaining very […]

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