we have had a low adx on the hourly since 7/15
the daily charts have had momentum divergence on the last three up moves
cummulative breadth is no help
accumulation is rising but no help
there are no extremes in sentiment or put/call
we are at an inflection point and fresh momentum should determine the next direction
everything is coiled...
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Latest Story
waiting on momentum
Bull Jerky
Doing my weekly scans and chart analysis I am still bullish and with summation index still rising I am still of the opinion that we resolve higher into the 3rd week of the month
Here is summation. Always an important chart to keep an eye...
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The Big Day
tomorrow is the big day everyone has been positioning for
Everything has lined up for a big move. I have no way of knowing which way we go. I give the edge to the bulls but recent statistics show that any big move from job...
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All about context
I have been trying to train some traders lately and it really has been very helpful for me.
It has solidified how trading is all about context.
For example a first...
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get your lists ready
every trader I know is now looking for just a little more pullback to get long
tomorrow is initial claims and they wont be good. if a selloff occurs I...
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how to be a good trader
here is a link from kirk that really nails what it takes to be a good trader
you have to remove your ego. Like other traders I know I started...
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