Elusive Resistance Found With Gap Fill?
Posted by alphatrends on January 26th, 2012 at 11:10 am, Comments: 0

On August 5, Standard and Poor’s made this announcement United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative

The market wasn’t surprised by the announcement, it was rumored for at least a week before the actual announcement came. In fact, the real sell off began with a gap lower on July 27 (circled area on daily chart). Today, the market closed that gap after an uninterrupted rally of ~10% from the last significant pullback low.

Is this area going to be the elusive resistance that shorts have been looking for? It has the potential to be resistance and the short term action is indicating buyers may have run out of energy, but the trends are still higher. Picking a turning point (bottom or top) is one of the most difficult tasks for traders. If attempting to pick a top it is best to start it as a daytrade and then if the market agrees with your position, leave some on and give it more time.

click the $SPY chart to expand

Closing Numbers 1/25/12
Posted by alphatrends on January 25th, 2012 at 4:37 pm, Comments: 0

Subscribers can access video with market wrap and a technical look at stock ideas including; $AMLN $NOG $NUS $OCZ $RTK $RVBD $BMRN $LLY $OPK $SODA $X and more.

Closing ETF Numbers 1/24/12
Posted by alphatrends on January 24th, 2012 at 5:05 pm, Comments: 0

Subscribers can access market wrapup video with new trading ideas for Wednesday under the premium tab.

Stock Market Video Analysis 1/23/12
Posted by alphatrends on January 23rd, 2012 at 4:33 pm, Comments: 0

Markets are somewhat extended in the intermediate term but there are still no signs of an imminent selloff. See the video below for explaination of key levels to be watching in $SPY $QQQ $XLF $SMH $IWM

IMPORTANT MESSAGE TO SUBSCRIBERS Tonight’s webinar will be held at 8PM but it WILL NOT be recorded. This will be corrected before the next webinar, sorry for the inconvenience.

Not Since January 2001 – Nasdaq 100 (QQQ)
Posted by alphatrends on January 20th, 2012 at 4:27 pm, Comments: 0

The last time the Nasdaq 100 ($QQQ) closed a week higher than it did today, it was the week ending January 28, 2001! It is difficult to imagine that would be possible with shares of one of its largest components ($GOOG) finishing the week down close to 10% YTD. Fortunately, the market is more than one big tech stock and the video below takes a look at trends of $SPY $IWM $XLF $SMH and some of the larger important stocks.

Stock Market Closing Numbers 1/19/12
Posted by alphatrends on January 19th, 2012 at 4:51 pm, Comments: 0

Subscribers can access the market review video and new trade ideas for Friday by logging in and clicking on the premium tab.

Closing Numbers 1/18/12
Posted by alphatrends on January 18th, 2012 at 4:52 pm, Comments: 0

Subscribers can view the market video with new ideas for Thursday in the subscriber section.

Intermediate Term Uptrends Intact
Posted by alphatrends on January 18th, 2012 at 12:22 pm, Comments: 0

Markets continue to display a healthy pattern of higher highs and higher lows above the rising 5, 10 and 20 day moving averages shown on the charts below. Yesterdays lows will be important levels for the market to hold for the remainder of the week, doing so will keep the trend intact and “innocent until proven guilty.” See yesterday’s closing video for important longer term levels for these markets.

click charts to expand

Stock Market Video Analysis 1/17/12
Posted by alphatrends on January 17th, 2012 at 4:31 pm, Comments: 0

The uptrends remain intact but with key levels on longer term timeframes it remains prudent to keep your guard high. The video below takes a look at trends for $SPY $QQQ $IWM $XLF $SMH

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