Wow, what a day! As you might imagine everyone wants to get a better understanding of where we’ve been, and where the markets are heading in the near future. In case you don’t want to get into the details, I honestly believe today’s move is finally the return of the bears, and the retest of [...]
Adam Hewison made a new video on Crude Oil, discussing cycles today, that fits nicely into the strategy I talked about in my article, “Crude Oil Price Forecast, and the US Dollar Rally.” It shows how the Marketclub Trade Triangles can be used to trade crude oil profitably.
One of the most powerful technical tools that a trader possesses is a pencil and a ruler. It sounds kind of old-school, but the reality is trend lines in technical analysis are enormously important.
Tonight I was taking a look at the weekly chart of the S&P 500 and found something quite interesting happening with the Williams %R indicator. In the chart below, I have placed a vertical line at each point where the Weekly Williams %R has crossed below the -50 level. As you can clearly see, during [...]
Well what do you now, Adam discovered a bearish engulfing pattern on the DOW on the monthly charts. However, if we drop to about 10,000, it would be an evening star pattern, and that would be a clear indication of a reversal. Adam also shows where he thinks the monthly trade triangle would go red [...]
