Profitable Ideas Each Market Day
LAST UPDATE:04/22/14 04:55 PM ET
DJ Transportation Average lifted above the early April high on Tuesday, posting a bull market and all-time high. Airlines led the upside in a strong bid driven by optimism about the 2nd and 3rd quarters.
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|Price moving against a strong trend rebounds sharply|
How Should You Trade The 7-Bells?
|High volume events print the future direction of price|
|Constricted price gives way to directional movement|
|Gap downs after strong rallies signal a trend change|
|Candles flag reversals in the next smaller time frame|
|Weak markets drop fast after rallying into resistance|
|Breakouts through a triple top signal major uptrends|
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ON THE EDGE
The rinse job denotes a sudden dislocation within a trading range, in which price thrusts above or below support/resistance and then reverses, closing... More
TIPS & TECHNIQUES - Market Mechanics
New trends can be difficult to stop once they are underway. As with other objects in motion, trends feed on themselves because they draw in fresh energy from cash and emotions on the sidelines. This induces price movement to travel well beyond arbitrary barriers, such as targets set by outside forces.
With price breaking through resistance and defying divergences, let's take a look at Sector Breadth (what's strong, what's weak) along with the top... More
The stock market indices started the week with an up-day, closing near the session highs. The day started out choppy, particularly in the morning when... More
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