In This Week’s Free Weekly Newsletter: Gold, Home Depot, Goldman Sachs
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Infosys Technologies (INFY) Failed At Major Technical Support
INFY dropped 13.42 on Friday after disappointing fourth quarter results and uninspiring forecast. Two Charts to focus on: First the daily chart where we notice a 5 month long head & shoulders pattern that is just now starting play out asthe neckline got broken on Friday….at $65. In a perfect world the ultimate profit […]
My ebook is now available: ‘Multi-TimeFrame Trading & Investing
‘Multi-TimeFrame Trading & Investing – A Comprehensive Trading Plan’ (ebook) Pick it up here: http://steadytrader.wpengine.com/trading-plan/
Goldman Sachs (GS) Still Looking Very Precarious
You can read about this particular trade setup in my new ebook: ‘Multi-TimeFrame Trading & Investing – A Comprehensive Trading Plan’ Available here: http://steadytrader.wpengine.com/trading-plan/ As this setup relates to Goldman Sachs (GS), the fact that GS failed at the 61.8% Fibonacci retracement and at the 50 day moving average (yellow line), then pierced through the 200 […]
Home Depot (HD) Is Breaking Out Today, Watch This!
Today is the day…at least it looks like it so far, when HD is breaking higher and we are starting our accumulation process. See my post from yesterday, making the case for a nice move in HD: http://steadytrader.wpengine.com/is-home-depot-hd-ready-to-rip-higher/ In the chat-room this morning we are discussing how to scale in, out, and where to set stop […]
Gold Has Room To $150
I dug out a chart that I posted two weeks ago: The inverse head & shoulders pattern currently in play in Gold (GLD). What's making this setup juicy is that Gold broke higher out of the resistance area around $140 (thin red line), retested it, and now seems to be breaking higher. The move I […]
S&P 500 Analysis, Monthly And Daily Charts
As mentioned late yesterday here (http://steadytrader.wpengine.com/why-sp-500-1300-is-important-until-it-fails/), the SPX 1300 level has decent significance…until it fails that is. For now just note the nice bounce off 1300 (yes i discussed this in the morning line-up newsletter yesterday and said we'd buy a test of 1300ish) and how that level also coincided with previous resistance as well […]
Today’s pre-market video is ready to watch here
http://steadytrader.wpengine.com/video-2/april-2011-2/
Premium Membership Now Available
This morning we moved all the premium services over to the new website (www.thesteadytrader.com). This now completes our move to the new website and opens the premium membership to everyone. With all the inquiries in the past few weeks this will get our community growing significantly. I am very excited about this and hope to […]
My Favorite Etrade TV Commercial!
with all the Etrade baby TV ads going around, I stick with an 'old-school' one as my favorirte: http://www.youtube.com/watch?v=783CfN2R18k