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DOW 61.8%, SPX 61.8%, NASDAQ 78.6%...AUD/JPY at 61.8% too?
Posted by
Blake Morrow
on
Posted
Thu, Apr 29 2010 2:07 PM
4
Comments
The equity markets are converging on some of the most popular Fibonacci retracement levels in the markets. The DOW and S&P are at the 61.8%, and the NASDAQ is at the 78.6%. As a trader who absolutely respects these numbers from a retracement standpoint...
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Market Setups for Thursday, Aug 26, 2010
Posted by
Kipp Cohen
on
Posted
Thu, Aug 26 2010 7:23 AM
2
Comments
The following is a list of stocks that are setups for Thursday, August 26, 2010. These are stocks that are trending (up for longs or down for shorts) on a monthly and weekly basis but have retraced for a day or two on their daily chart. These setups could...
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$SPX chart update: Look where we are. Not far from resistance, plus GDP data tomorrow.
Posted by
Patrick Hoog
on
Posted
Thu, Aug 26 2010 9:35 AM
1
Comments
$SPX chart update: Look where we are. Not far from resistance, plus GDP data tomorrow. I remain 65% long and will sit on my CASH . The risk reward is not favorable...if we get some good news we could spike...so have eye on that economic meeting out west...
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EDGE Chart of the Day 8-26-10 NZD/USD hourly Trend Line
Posted by
Blake Morrow
on
Posted
Thu, Aug 26 2010 10:15 AM
1
Comments
NZD/USD still held hostage by down sloping trend line NZD/USD tried to break the bearish wedge formation yesterday, but was held up by risk assets moving higher yesterday (stocks and commodities). Today, the NZD/USD respected its down sloping trend line...
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Ok, you asked for it: $SPX chart, showing the reversal candle:
Posted by
Patrick Hoog
on
Posted
Wed, Aug 25 2010 2:31 PM
1
Comments
Ok, you asked for it: $SPX chart, showing the reversal candle: Notice the strong downtrend, touch of the bottom of channel. If we can continue to bounce, upside resistance now $SPX 1072 or so. BAD data today and we bounced. When we rally on bad news,...
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08-25-10 Stock Investors' Recap and Plan/Outlook:
Posted by
Patrick Hoog
on
Posted
Wed, Aug 25 2010 2:52 PM
1
Comments
08-25-10 Stock Investors' Recap and Plan/Outlook: The rest of the story: The $SPX chart two below shows 30 days and a touch of bottom of THIS channel. This 100 day chart shows the last 3 channels...and how we are hanging over a cliff. The market's...
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Smith Barney Closing Shop?
Posted by
Ron Smith
on
Posted
Thu, Feb 25 2010 11:40 AM
1
Comments
On January 13, 2009 , Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney , which was formerly a division of Citigroup Capital Markets. According to Benzinga , The...
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This is why $FFIV is my biggest IRA holding: click here to read the whole article from Market Watch...
Posted by
Patrick Hoog
on
Posted
Thu, Aug 26 2010 12:30 PM
1
Comments
This is why $FFIV is my biggest IRA holding: click here to read the whole article from Market Watch... "...F5 Networks /quotes/comstock/15*!ffiv/quotes/nls/ffiv (FFIV 88.77, +1.88, +2.16%) , and not just because they're one of the unsung heroes...
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$SPX chart update: not pretty, new data points to connect...which way does this triangle squeeze point?? Exactly, my thoughts too....
Posted by
Patrick Hoog
on
Posted
Thu, Aug 26 2010 1:30 PM
1
Comments
$SPX chart update: not pretty, new data points to connect...which way does this triangle squeeze point?? Exactly my thoughts too....
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08-26-10 Stock Investors' Recap and Trading Plan, i.e., when can we buy or do we sell?
Posted by
Patrick Hoog
on
Posted
Thu, Aug 26 2010 3:17 PM
1
Comments
08-26-10 Stock Investors' Recap and Trading Plan, i.e., when can we buy or do we sell? This was the headline a couple days ago. Deja vu. CASH rules. Small ball, only stocks in green. Bottom line: we are in a downtrend until we are not. Don't be...
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08-26-10 Investing & Trading Plan Part Deux: Spontaneous combustion:
Posted by
Patrick Hoog
on
Posted
Thu, Aug 26 2010 9:46 PM
1
Comments
08-26-10 Investing & Trading Plan Part Deux: Spontaneous combustion: A pundit on the tube today offered, when asked what might be the catalyst to move the markets: spontaneous combustion. Sometimes, Big $$ just says giddyup, lets make some money....
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Market Setups for Friday, Aug 27, 2010
Posted by
Kipp Cohen
on
Posted
Fri, Aug 27 2010 7:17 AM
1
Comments
The following is a list of stocks that are setups for Friday, August 27, 2010. These are stocks that are trending (up for longs or down for shorts) on a monthly and weekly basis but have retraced for a day or two on their daily chart. These setups could...
Read more ...
EDGE Chart of the Day 8-27-10 USD/JPY Daily Chart - At a Crossroads
Posted by
Blake Morrow
on
Posted
Fri, Aug 27 2010 8:48 AM
1
Comments
USD/JPY at a Crossroads on the Daily Chart The USD/JPY is at a "make it or break it" point on the daily charts where we are going to respect the long standing, strong, down sloping trend line or breakout and cause a retracement towards the 38...
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Expect large Currency Moves in the months ahead
Posted by
Blake Morrow
on
Posted
Tue, Jun 29 2010 6:49 AM
1
Comments
Expect great currency swings in months ahead.... We are headed to an interesting time in the FX market. With G8/G20 countries taking divergent paths, I suspect the FX markets are about to hit a period of high volatility in the coming months. First off...
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$TCK: many charts look like this. What to do??
Posted by
Patrick Hoog
on
Posted
Fri, Sep 3 2010 10:55 AM
1
Comments
Friday, September 3, 2010 $TCK: many charts look like this. What to do?? We've been sideways in $TCK in a channel for 4 months. The $SPX has been in a downtrend for that same period. Now $TCK and many many stocks are at the top of the channel. Breakout...
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