Stock Market Video Analysis 8/31/11
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Stock Market Video Analysis 8/30/11
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Cautious Optimism- Charts and Comments
It is difficult to appreciate the volatility of the markets today by looking at these 30 minute charts. Generally, the markets are behaving well. We saw an early pullback which is now the basis of a higher low. Today’s lows found buyers near key levels (discussed in yesterday’s video) which is where “buyers were supposed to be found”.
As long as levels of support (green dotted lines) hold the intermediate term trend should be viewed with cautious optimism, but don’t lose sight of the larger downtrend with declining 50 day moving averages. The red horizontal lined indicate potential resistance levels if the market continues to move higher.
click chart to enlarge
Stock Trading Ideas for 8/30/11
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Stock Market Video Analysis 8/29/11
The $QQQ is back to positive year to date, what a wild ride we have had this year. See the video for important levels going forward.
Stock Trading Ideas for 8/29/11
Stock Market Video Analysis 8/26/11
Markets finished with good gains for the week but the action remains difficult to trust. The video goes through key levels to watch next week in the $SPY $QQQ $IWM $XLF $SMH
Hope all the East Coast people make it through the storm safely!
Things We Sometimes Forget As Traders
no grammar here,
just some thoughts about trading,
living a peaceful, meaningful and fun life…
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trading can be stressful
but the stress comes from us and the pressure we put on ourselves to perform everyday
our self worth should not be tied to our P/L
trading can be gratifying but it is not to be confused with real life
life is more satisfying if you are actually living it
instead of obsessively looking for the next great trade
the best trades (and people) usually reveal themselves
when we don’t expect them to be there
our job is to recognize the great opportunities and then pounce at the right time
to maximize our chances of success
we are supposed to put our emotions aside when we trade
it is difficult to flip the switch and be an emotional,
caring person after the market closes
don’t neglect your kinder side
while you try to be the big swinging dick
Stock Market Video Analysis 8/25/11
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Continue readingStock Market Video Analysis 8/24/11
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