Story of AAPL on Friday

Let’s examine from a technical perspective what happened today on AAPL as it relates to Gap Fill Thresholds, Seeker Counts, and index rebalancing. AAPL lost size in the NASDAQ index, which rebalances over the weekend, which means that funds have to sell some of...

Current View of the US Dollar Index

Let’s discuss the broader view of the US Dollar Index. Let’s start with a fairly short-term look at the daily chart, which broke down over the last two weeks: That chart shows a clear downtrend in place, with a trendline that we can follow easily. Also,...

Stock Picks Recap for 4/29/11

With each stock’s recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market...

Tradesight Market Preview for 4/28/11

The SP broke to new high ground on the day adding 10 handles to the move. Price settled above the prior high which now puts the 8/8 level in play up to 1375. The bar count remains favorable at only 9 days up in the exhaustion countdown. Naz added 24 on the day...

Forex Calls Recap for 4/27/11

One winner on the GBPUSD ahead of the Fed (half size). See below. Meanwhile, here’s the US Dollar Index intraday with market directional: New calls and Chat tonight. GBPUSD: Triggered long at A, hit first target at B, raised stop in morning and stopped at C, all...

Pin It on Pinterest