Archive for March, 2011

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    Review & Ideas for 4/1
    , March 31st, 2011 at 4:46 pm

    Subscribers, see premium tab for video

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    Oil Higher
    , March 31st, 2011 at 9:28 am

    Oil is up 2 dollars this morning and the daily chart is looking bullish. Keep an eye on the oil stocks mentioned in yesterdays video.

    inset on chart is todays action

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    Stock Trading Ideas for 3/31/11
    , March 30th, 2011 at 5:42 pm

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    Stock Market Video Analysis 3/30/11
    , March 30th, 2011 at 4:53 pm

    After the market bounced from the rising 5 day moving average on Tuesday, the Russell 2000 made a 52 week high and is just a couple percentage points from all time highs.  This video looks at key levels for the markets and some individual stocks which look setup to continue higher.

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    5 Day Moving Average
    , March 29th, 2011 at 9:15 pm

    A common question I receive is, how do you display a 5 day moving average on a 10 (or 30) minute timeframe?  SEE CHARTS BELOW

    When looking at moving averages you have to consider which timeframe you are looking at.  If you have a chart with 10 minute candles, overlaying a moving average with the period being set to “five” does not give you a five DAY moving average, it gives you the average price for the last five – 10 minute periods, or the average price the stock traded at for the last 50 minutes!

    If you want to see a five DAY moving average on a chart with 10 minute candles, you have to consider how many 10 minute periods of trading there are in the trading day.  The US equities markets are open from 9:30- 4:00 each day, which is 6.5 hours per trading day.  In each hour of trading, there are 6-10 minute periods, so during the regular session for equities, the market is open for 390 minutes or 39-10 minute periods per day.  If we are to get a five day moving average, we would take the 39-10 minute periods the market is open each day and then multiply that by five days.  39 x 5 = 195.  So a 5 DAY moving average is represented by a 195 PERIOD moving average when looking at a 10 minute timeframe.

    If you wanted to see the 5 day moving average on a chart with 3o minute candles, you would do the same type of calculation.  There are 13- 30 minute periods during a day of traiding and over 5 days, there would be (13×5) 65- 30 minute periods.  The 5 DAY moving average is represented on a 30 minute timeframe by a 65 PERIOD moving average.

    The same type of calculation would be applied to other  timeframes.  If you wanted to see a 10 DAY moving average on these timeframes, you would double the number of periods to look at.  On a 30 mintue timefremae, a 10 DAY moving average would be reperesented by 39- 30 minute periods.

    What about a 5 day moving average on a 65 or a 15 minute timeframe?  Seriously?  Don’t be so lazy, you can see how the math works, sit down and figure it out!! (-:

    Below are charts of three different timeframes, each with a 5 DAY moving average.

    The first chart is with daily candles and a 5 period (day) moving average.

    When we change our chart to intraday timeframes like the 30 minute period below, the 5 DAY moving average is represented with 65 periods.

     

    When we take a closer with 10 minute periods, we change the moving average to 195 periods to display the 5 DAY moving average.

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    Stock Trading Ideas for 3/30/11
    , March 29th, 2011 at 5:38 pm

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    Stock Market Video Analysis 3/29/11
    , March 29th, 2011 at 4:19 pm

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    Intraday 5 Day Moving Average
    , March 29th, 2011 at 10:58 am

    Why do you talk about the five day moving average so much?  See charts for answer.

     

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    Webinar Recording Failed….
    , March 28th, 2011 at 9:05 pm

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    Stock Market Video Analysis 3/28/11
    , March 28th, 2011 at 4:25 pm

    The market is giving us a lot of mixed messages right now, this video looks at some of the important near term levels.