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
Research In Motion Still Sliding Lower. My Profit Targets:
I've rambled about this over the picturesque head & shoulders pattern in RIMM. In the daily newsletters and chat-room we've actively managed this position and are slowly taking profits. Next area of profit taking is around $52.50, with a final hurray closer to the $50 mark. Scaling into and out of positions, that's how we […]
Why S&P 500 1,300 is important, until it fails…
The simple reason why SPX 1300 is important is because that's where we bounced from today. Two more things I'd like to point out however, that give 1300 a little more resiliency. One, 1300 served as resistance in mid March and two, it's also between the 38.2% and the 50% Fibonacci retracement level.
Is Home Depot (HD) Ready To Rip Higher?
Fundamentally speaking I hear that Home Depot and Lowe's stores are jam packed as folks are doing up their homes. It's not clear what the reasons are for the sudden home improvement spurt. Is it a) people doing up their homes because they feel better about their financial future and hence a positive sign for […]
Today’s pre-market video is ready to watch now:
http://steadytrader.wpengine.com/video-2/april-2011-2/
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/