Why You Want Trade Triangle Technology As you all know, one of the primary tools I use for making trade decisions is Marketclub Trade Triangles. I use them to analyze the trend for each major index, as well as several sector ETF's, which helps me pull the trigger on individual trades. I also use trade [...]
Occasionally I run a stock screen that turns up a stock that is a perfect example of how technical analysis works. United Health Group (NYSE: UNH) has been in a sideways pattern since bottoming in October, 2008. Basing patterns of this nature tend to produce incredibly powerful breakouts, and I believe UNH just broke out. [...]
One of the core principles of the Record Price Breakout strategy has always been simplicity. The stock screen is easy to execute, the trading strategy has only 3 main points, and the market conditions for using the strategy are easy to identify.
Market Commentary: Today the bears attempted a coup de grace on the bulls… and succeeded with stunning ease. Several critical areas of support were broken, and volume, momentum, trend strength, and trend quality indicators either turned bearish today, or very recently.
