After making a dirty new low on Monday stocks roared back with a vengeance ($NDX rallied over 8% off the bottom) reaching some of our target zones we outlined last weekend before retracing a bit on Friday. By Wednesday Wall Street predictably trampled all over itself calling a bottom in markets accompanied with predictions for a massive year end rally in many cases calling for new highs to come. Never […]
As I promised yesterday on twitter below are some monthly chart closes that may be of interest. I’ll leave the analysis part for the weekly market update on Sunday and present these charts as observational here. Before we run through the charts one factoid that really sticks out: The global correction in October was brutal as it was historic. Here’s the global market cap wipe off in just October: $8 […]
Welcome to Chart Chatter where we discuss various technical charts we find of interest. We cover indices, signals and stocks on different timeframes highlighting different technical techniques we use over time. We’ll focus on key observations we find relevant which readers may find of use for their own trading. We do not present these charts as trade set-ups in this forum, but rather for discussion purposes. Feel free to add […]
Welcome to Chart Chatter where we discuss various technical charts we find of interest. We cover indices, signals and stocks on different timeframes highlighting different technical techniques we use over time. We’ll focus on key observations we find relevant which readers may find of use for their own trading. We do not present these charts as trade set-ups in this forum, but rather for discussion purposes. Feel free to add […]
What if you had access to the perfect big market call? The one that says where the market is going in the future, not for a small move, but a big move? You’d position for it of course and you’d wait until the price target is met and laugh yourself silly all the way to the bank. Simple enough right? That’s the big concept behind swing trading. But it requires […]
