Watch for Low Volume or Momentum Breakouts
Today we saw many of the futures markets have very low volume, and essentially just chop up and down for most of the day. The reason this occurred was mainly …
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Many Financials starting to form Bearish Divergence on Weekly Charts
I know that there is one more trading the day in the week, but I would like to go ahead and point out the increasing likelihood that bearish divergences on …
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Patience Before News
Today we had several news events including home sales and the petroleum status report. Additionally, Bernanke was scheduled to speak at 10 am EST. As traders we must always know …
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Looking Inside Google’s Past Week
Google (GOOG) has long been the darling of market Bulls since start of the fall of Apple in Q4 2012. Just looking at its price performance over the past several …
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Crude Oil Testing Weekly Pennant
Today we saw Crude Oil futures rally once again ever since bottoming out off of the support provided by the weekly pennant up trendline. However, we have now reached a …
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Euro Breaking 60 min Trendline
Today we saw the Euro fall after breaking through a well-defined trendline that could be drawn connecting the lows of the past three days on a 60 minute price chart. …
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GOOG Showing IntraDay Weakness
As we have pointed out across many of our recent videos and blog posts, Google (GOOG) has been making consistent all-time highs over the past several weeks. Watching GOOG today …
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