ES and NQ futures are lower this morning and many individual stocks are lower on light pre-market volume. TLT is lower as is the EURO.
Moving Down: VMW, FFIV, PCLN, GS, NETL, SNDK, X, FCX, POT, VECO, V, STI, USO, CREE, FAS, CLF, CRUS, MOS, NFLX, AKS, GOOG, CSCO, FSLR, BIDU, CTXS, AAPL, AKAM, PCLN, NTAP, AMZN, BRCMGENZ, QCOM
Moving Up: CHL, LVS, FAZ, DE, SPG, LXK, EBAY, RYAAY
Dave will sub in Virtual Coaching Options on Thursday at 11 am MT (1 pm ET) for two hours. Bring your questions on this week's market action...
Follow your rules in your bearish trades...
Watch for a support bounce before entering new bullish trades...
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................................................Technical Analysis Focused on Price Action Setups, Trade What You See, Follow Your Rules, Plan the Trade, Trade the Plan, Don't Force the Trade Concepts...Price Action Plus Momentum...©
Dave Johnson, CMT
- Dave Johnson
- David Johnson, CMT Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events. Email: chartsignals@yahoo.com
Blog Archive
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2010
(490)
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August
(38)
- SPX, DJIA and Nasdaq Form Triple Bottom...RUT Make...
- Futures Point to a Flat Open...
- SPX Pulls Back Again...Still Above 1,040 Support...
- Futures Point to a Slightly Lower Open...
- SPX Forms Double Bottom Breakout...SPX Target 1,08...
- Futures Point to a Higher Open...
- SPX Support Bounce Fades...Holds Above the 1,040 S...
- Futures Point to a Higher Open...
- SPX Finds Support...Reverses...Forms Hammer...
- SPX Breaks 1,071 and 1,056 Support...Finds Buyers ...
- Futures Point to a Lower Open and Break of Support...
- SPX Bounce Fails to Follow Through...Holds Above S...
- Futures Point to a Higher Open...
- SPX Closes at 1,071 Support Level...Forms Hammer C...
- SPX Breaks the Low of the High Day with Bearish Ca...
- SPX Forms Inside Day at 30 DMA...
- Futures Point to a Slightly Higher Open...
- SPX Confirms Hammer...Breaks the High of the Low D...
- Futures Point to a Support Bounce and Higher Open...
- SPX Holds Support Forms Hammer Candle Pattern...
- Futures Point to a Slightly Lower Open...
- SPX Rally Fades into Close...Holds at Support...
- Futures Point to a Flat Open...
- SPX Gaps Lower, Closes Higher, Makes New Low Day...
- Futures Point to a Lower Open...
- SPX Opens Lower...Breaks Support...
- Futures Point to a Lower Open and a Break of the L...
- SPX Closes Lower but Rallies From Early Lows...
- Futures Down after Lower than Forecasted Productiv...
- SPX Inches to New High Close by 1/2 Point...
- Stocks Open Higher...
- SPX Closes Lower...Rallies From Daily Low After Wo...
- Back to the Present...SPX at Resistance...Be Prepa...
- SPX Moves Higher...PCLN Leads Nasdaq...
- PCLN Gaps Up 18%...TIE, WFMI Gap Down...
- SPX Pauses Above S1...
- SPX Bull Flag Bounce...Entry Signals Galore...
- The Answer? SPX Did Bounce as was Most Probable.....
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August
(38)
1 comment:
Dave, you are The Best! & I'm personally grateful for the sacrifices you make to be My Mentor & Coach.
I'm happy with my strides everyday. ...& buying when I'm suppossed to buy and selling when I'm suppossed to sell.
Where I seem to be killing myself, is entering new trades into the stock of the chart that I'm trading (on my entry signal/s), but simultaneously the SPX is banging around at resistance...
Then the SPX falls thru support & all these new/most recent trades go down thru my initial stop.
I defer to you, but maybe, it looks like I need to learn when to not take "EVERY" entry signal whilst the market is at resistance.
Gratefully, Scott L of Nashville
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