Last night’s Market Close Report focused on three stocks and my trading analysis on each one. I received several positive comments on this form of analysis as it provided some practical advice on how to approach particular trades. Accordingly, I am going to initiate a series of tutorials, using actual trades from [Read more...]
Fortunately, because it’s moving day. For my subscribers and in the spirit of a basic principles of Feng Shui, I am moving to the water. This is especially engaging as I will still be in the desert:
Water is a universal symbol of wealth and prosperity. The image of [Read more...]
GS is up over $4 this morning and if it holds these gains will reverse Long at the close:
Note also that RNF did reverse Short on Monday’s close:
*Today is the last day of, “AllanTrends/PTS_Lite” and I will be headed back [Read more...]
It’s days like today when you can really appreciate the merits of an objective approach to trading and investing. If the weakness continues throughout the session, we could get intermediate term sell signals in the major indexes. In other words, the dominant trend of the market will have turned down. [Read more...]
Both SLV and GLD look to be gong Long on the Close today. GLD is not quite there yet. I’ll have some trade ideas in today’s Market Close Report
***I will be leaving about two hours before the close today and if my eyes are up to it, I’ll be posting today’s Market Close Report a little later then usual.
The AAPL Hourly Trend Model continues to be an effective model for stepping back and gaining some perspective [Read more...]
I was going to mention CTIX in today’s Market Close Report…….but I forgot. Better late than never.
A subscriber sent in an interesting TA chart today and in tandem with the Daily Trend Model does suggest a buying opportunity at hand. Certainly if you have yet to buy CTIX, [Read more...]
Should NFLX hold it’s gains today, it will reverse Long. As stated last night, this run could reach 90 before Weekly trend line resistance sets in.
Below, the NFLX Hourly Trend Model that we trade in the Expanded Premium Service:
And finally, the Weekly Trend Model from last night’s Market [Read more...]
As expected in yesterday’s Market Close Report, there is just not much action or trading opportunities today and probably not any until the Fed statement tomorrow afternoon. Nonetheless, if VXX Hourly triggers LONG, I will want to take it.
The other way to trade this set-up would be to turn [Read more...]
Wednesday’s Market Analysis
As discussed in yesterday’s Market Close Report, both AAPL and NFLX reversed SHORT today. The market averages were a different story, for the time being. The charts below they tell the story as well or better than I can.
WEDNESDAY’S TREND MODELS [Read more...]