Always Be Learning: Exiting Too Soon on a Losing Position | The Canadian Technician
It has been a successful month on many fronts as we started buying aggressively on January 9th. But I made some strategic errors that were really costly. There is always another train at the station, so learning to not make these mistakes again is the only value in a losing trade. I think it is […]
Can QQQ Prove the Bears Wrong? | Art’s Charts
Last week I featured the S&P 500 SPDR (SPY) with a clear resistance level to beat. Even though the 2022 decline could be a correction after a big advance, the ETF is short of a breakout and trend reversal. The Nasdaq 100 ETF (QQQ) also has a clear level to beat and is challenging resistance. […]
Recovery remains elusive below 0.9255-60 hurdle
USD/CHF picks up bids to extend the previous day’s rebound from weekly low. Convergence of 200-SMA, support-turned-resistance line and a descending trend line from early January appears tough nut to crack for bulls. Impending bull cross on MACD, sustained bounce off 23.6% Fibonacci retracement suggest further recovery. USD/CHF grinds higher past 0.9200, mildly bid while […]
Can You Name These Charts? Different Types of Investments, Same Psychology. | DecisionPoint
Last month in our DecisionPoint Trading Room I gave our viewers a pop quiz. I presented two similar charts without names or price scales, and challenged them to identify them by the shape of the price indexes alone. The point I was trying to make was that, while they were different, they were driven by […]
GNG TV: Airlines, Casinos, & Luxury… Oh My! | GoNoGo Charts
In this week’s edition of the GoNoGo Charts show, as the S&P 500 continues to show constructive evidence of trend reversal on longer timeframes, Alex and Tyler look to GoNoGo Charts to better understand the sector leadership and individual names that are leading equity markets. Importantly, Industrials (XLI), Materials (XLB), and Energy (XLE) have proven […]
Combining Price Structure, MACD & ADX | Stock Talk with Joe Rabil
On this week’s edition of Stock Talk with Joe Rabil, Joe shows how he puts it all together by looking at Price structure, MACD, and ADX, in conjunction with the Moving Averages, to identify a short-term trading opportunity in NVDA. He starts with Monthly and works down to hourly for timing. He then covers the […]
Re-testing weekly highs, shy of the 20-DMA
USD/JPY remains sideways, trapped within the 129.00/131.00 range. Buyers are unable to conquer the 20-day Exponential Moving Average, and keep the USD/JPY pair range-bound. USD/JPY Price Analysis: Remains exposed to selling pressure, as its bias is still downwards. The USD/JPY bounces from weekly lows reached early Thursday at 129.02 and reclaimed the 130.00 psychological level, […]
XAU/USD buyers could retain control if US GDP dismisses recession fears
Gold price bulls take a breather just below $1,950 after the ongoing upsurge. XAU/USD eyes critical US events for the next move, FXStreet’s Dhwani Mehta reports. United States Gross Domestic Product data to affect risk trends “Should the key US US GDP disappoint, implying signs of slowing down in the American economy, the USD could […]
Poor Natural Gas | DecisionPoint
Natural Gas use has become a hot button in the United States as bans begin to be discussed or enacted in certain states and cities. Whether you believe this is good or bad, it is news. A subscriber recently asked us to review Natural Gas (UNG) . Today seems a good day to do just […]
Are You Invested in Precious Metals Yet? | Mish’s Market Minute
I personally started out this year saying that, to date, gold has been sold on strength and bought on weakness. And that the day strength is bought is the day we begin a much bigger rally.A Few Gold Headlines:Gold prices hit record high in JapanChina steps up gold imports in 2022: Swiss gold imports at […]