Here are some of the better looking swing trade setups I found going through my scans last night. They all happen to be shorts this time. My entry & exit rules are the same as always.
Note: Whenever I post swing trade candidates I always get asked if I’ve gone […]

It’s rare that a week passes that I don’t see what I consider to be an improperly drawn trendline. Even the example chart on the wikipedia page for ‘trend lines’ makes my skin crawl. (One of these days I’m going to try to edit that page and post a better chart.) I’ve […]

Here’s a chart of Interactive Brokers Group, Inc. (IBKR) for Matt:

As I’ve mentioned several times over the years, I love to catch recent IPOs once they hit new highs after basing for a few/several months. IBKR appears to still be working off the post-IPO hangover. The chart shows a lot of pain for […]

As I type this we’re set for a bounce this morning. Many traders would prefer to see a weak morning followed by a strong close in order to hopefully flush out the last of the sellers. It doesn’t seem like that going to happen today. Anyway, here are some charts I’ll be […]

OK, you folks know how this goes:

another one of *those* days with every sector and index down
all-time record volume on the downside vs. lower volume rallies
moving averages broken all over the place
March trendlines broken again
subprime & credit woes
financials looking like death
T2108 under 20 (closed at 18.86)
my blog getting tons of hits from people searching for […]

So I was looking through my charts today and was shocked when I got to T2108 (Worden’s indicator for % of NYSE stocks above their 40-day moving averages). While the indices have been steadily hitting new highs (notably excluding the Russell 2000 and financials) T2108 has been trending down. In other words, a […]

Here’s a weekly chart of DealerTrack Holdings, Inc. (TRAK), which is WallStrip’s stock for the day. The stock has nearly doubled over the last 12 months or so. Like many stocks at or near all-time highs, there’s really not a whole lot to say about the chart. Hopefully people are already […]

Here’s a chart of Fuel Tech Inc. (FTEK) for Jeff.

FTEK has had a huge run over the last few years. It’s up about 650% since 2005 so anybody who’s been in it for more than a minute is doing quite well. It broke out to new all-time highs last month on […]

the other day Jeff asked me to contrast the short term 10 year treasury yield chart I posted with a longer term chart. Here’s the short-term chart I posted last night which shows a clear uptrend since March:

Jeff mentioned that there’s been a lot of debate about whether or note the longer term trend […]

Duru wanted me to take a look at the Energy ETF (XLE). He asked:

How about a look at XLE? The stochastics have also not quite generated a sell signal, but interesting to note how volume dried up going into the recent all-time highs, produced a few dojis, and ended with a huge pick-up in […]