Play Trading Radio (click blue arrow) Amazingly the SPY ETF had a nice upside move today and managed to get back inside the trading range that has been defined since May 7, 2009. The volume was weak on the decline that we saw near the support of the trading range. I had written previously about … Read more
I wanted to take a quick look at the Dow Jones Industrial average again from a longer term perspective and as a quick comparison to the 1970’s period. If you look at the chart to the left it is clear that in both cases, the 1970’s and the 2000’s we are in a period of … Read more
It is pretty clear at this point that the SPY ETF has pierced support which is also the lower end of the trading range we have been in since May. I mentioned a couple of days ago that we had a bullish spring in the SPY ETF based on volume. Well as it turns out … Read more
The chart to the left is the daily chart of JVA – Coffee Holding Company which trades on the AMEX. Amex stocks can be really spotty stocks in terms of volume, but once in while I have seen some good setups. There does not appear to be a real setup here as of yet, but … Read more
It appears that the SPY ETF has done a bullish volume spring today based on a comparison between two price swings and their respective volumes. The first price swing I am referring to is the 6/23/2009 price swing that was on 188 million shares on the SPY ETF. The second swing of course is today’s … Read more
This is a very important alert on the uranium sector, it is starting to look like the uranium price has bottomed and that the uranium mining stocks are set for a pretty good rally for the second half of the year. Do you remember the huge rally we saw in the price of Uranium from … Read more
I recently downloaded the Track n Trade trading platform from Gecko Software and wanted to write this brief Track n Trade Review because there are a few features this software has that I am excited about. I downloaded the demo to my PC which took about a minute or so and then went through the … Read more
Just yesterday I was talking about how on the emini futures there was a possible chance or setup for a breakout type price action. Later on that evening as I was looking at the final numbers for the day and looking at the volume numbers for the SPY ETF I came to the exact opposite … Read more
Here is an early morning update on the Emini Futures (September Contract). Shown on the left is the September contract. Right now at 7am they are up about 6 points or so. Looking at the little chart of the emini futures to the left it appears that there is a general tendency towards an ascending … Read more
The FAS ETF may be getting ready for a big move. This is an extremely volatile ETF to say the least and has a habit of gapping all over the place depending on what the sentiment is by morning open. Before getting a good read on the FAS I like to see what the SPY … Read more