Posted on September 15th, 2023
Before I provide a quick, basic options education on the option strategy planned for this article, let’s take a technical look at the SPDR Dow Jones Industrial Average ETF Trust (DIA) or as some refer to it as the ‘diamonds’. You see it? DIAmonds. In the above chart image, I have solid, green lines to […]
Posted on September 8th, 2023
One of the darlings of Wall Street has been for a while and, looking at the chart for this year, still is Apple, Inc. (NASDAQ: AAPL). Even after it has topped and rolled over in late July, early August and is showing more sideways chop and wider swinging price volatility it is still up 38% […]
Posted on June 2nd, 2023
Why wait to show you the chart on the SPY, the ETF that tracks the performance of publicly traded stocks in the S&P 500. One can see on the chart SPY tried to close above and maintain a breakout above prior resistance of 416-417. A conservative approach to trading technically is to give the security […]
Posted on May 16th, 2023
We typically educate you on assessing the market direction by using the SPDR S&P 500 ETF Trust (SPY), an ETF that tracks the S&P 500, as both of them represent the markets better than the smaller major index the Dow Jones Industrial Average or the Dow 30 aka the Dow. An ETF that tracks the […]
Posted on May 12th, 2023
In our ongoing quest to assess directional bias on the major market indices we see many patterns that give an indication the markets could trade higher, lower. We also see at times patterns or technical indicators that give an indication a market may continue or reverse their current trend. In the world of technical analysis, […]
Posted on May 5th, 2023
Yesterday’s education provided analysis of the US equities markets, represented by use of the SPDR S&P 500 ETF Trust (SPY). This is an ETF that replicates returns of the S&P 500 index. What was taught was the observation SPY was testing a previous pivot low, which could either turn in to a double bottom support […]
Posted on May 4th, 2023
It is very likely everyone paying attention to the markets knows the Federal Open Market Committee (FOMC) raised interest rates a 1/4 of a basis point yesterday. They also intimated they may be taking a pause on another rate hike for the foreseeable future. This news didn’t do anything to bolster investor/trader confidence as the […]
Posted on April 13th, 2023
Today was a good day for equity bulls overall. The Dow ended up higher on the day by +1.14%, the NASDAQ up almost +2% and the SP500 ended up +1.33%. Nothing from the numbers caused a sell-off for the equities markets, but at the same time, even though the markets traded a bit higher so […]
Posted on March 28th, 2023
When it comes to analyzing a security, stock, or ETF, one can research the fundamentals of the company to see if there is enough good going on with it to encourage investors to buy it, which should in turn propel the security price higher. Technical Analysis is another means to researching a security’s price and […]
Posted on March 24th, 2023
There has been quite a bit of information written and spoken about regarding the volatility in the markets this week as a result of the outlook on the economy and whether we will go in to a recession / if we are already in one / and if we are in one when what it […]
