Today I was doing some technical analysis on Google. Google is at a major technical inflection point, and which ever direction traders decide to take it will have a serious impact on the stock.
Google is trading at it’s previous resistance zone set in May, 2008, at the 600 price level. From a technical stand [...]
In his guest post earlier today, Adam showed you a video forecasting a reversal in the S&P 500 using Marketclub Trade Triangles. I wanted to follow up his video using more traditional indicators to show you not only how accurate the triangles are, but how much easier they are to utilize as a trend following [...]
Take a look at this image. I took a snapshot of the new record price breakout high’s on clearstation.com. I think this is compelling evidence that the market has topped out.
No New Highs
After a spectacular rally from the lows seen last month, the S&P appears to be running into overhead resistance.
Is this the pause that refreshes, or is this the pause that reverses the market back towards the lows?
I have said for some time that I was not that confident that this rally would continue as our [...]
Over the past 2 years, i’ve been posting S&P 500 forecasts anytime there is a major change in direction coming.
I’ve noticed since mid 2008, I get about 3 times more traffic on down days for the search term S&P 500 forecast.
Today, on a minimal down day, I have already received about 3 times normal [...]
