Category: Technical Analysis

Support and Resistance Part 3

Posted on April 19th, 2024

Did you miss Part 2? Catch up here. If I didn’t mention in my Part 2 write up on Support and Resistance that there are various types of situations where one can assess Support and Resistance that I could write more than 2 educational pieces on it, then let me iterate that now. So far, […]

Support and Resistance Part 2

Posted on April 12th, 2024

Did you miss Part 1? Catch up here. I wrote a Part 1 article last week educating all who read the article a chart pattern in technical analysis called Support and Resistance. I am realizing that I could actually author numerous articles on support and resistance as there are various pattern where one can see […]

Support and Resistance Part 1

Posted on April 5th, 2024

Whether you trade securities or options on those securities you are likely using charts of them to find your entry and exit points for your trades. You all know me by now and though I have long-term investments I am primarily an options trader. Even though I mostly trade options on securities and not the […]

An Options Trading Strategy to Capitalize on a Stock That May Break Higher or Lower

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 […]

Taking a Technical Look at Apple, Inc. (NASDAQ: AAPL)

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% […]

Quick Lesson on a Japanese Candlestick Formation Using SPY

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, […]

A Japanese Candlestick Pattern May be Indication Markets Have Found Support

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 […]

Possible Fib Support Levels on this Pull Back in the Markets

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 […]