F5 Networks (FFIV), A Perfect Fibonacci Setup
If you have followed me trades for more than a day you know that I like to use Fibonacci retracements as one of the measurement tools for entry and profit targets. One of the stocks I have pointed this out repeatedly on over the past two months was F5 Networks (FFIV). After a large drop […]
The Case For Trading & Investing with Multiple Time-Horizons
One of the most crucial realizations I had over the years is that profitable trading opportunities appear in many different timeframes. For instance, you may find that a certain stock consistently bounces or retraces when it hits its 50day moving average and that this trade usually lasts two days for best profitability. At the […]
Goldman Sachs Re-Testing Uptrend From Below
Note the rising blue dotted line in the chart. GS broke through it on March 7th and now is re-testing it from below. I don't want to go as far as saying it's make or break here for GS, especially because of the dividend-happy news from last Friday by JPM, WFC, and today from C. […]
Finding Opportunity In Beaten-Down Stocks
As part of my multi-timeframe approach to managing money I specifically look for strategies that offer a high probability of profits and allow to be traded with a risk-averse setup. Sometimes this means just trading the stock, sometimes this means using options instead, and sometimes it means using both. One of my favorite strategies […]
Pre-Market Video Analysis – March 21
http://www.youtube.com/watch?v=sf1e9eAptUQ
U.S. Dollar/Japanese Yen (USD/JPY)
Last week the Japanese Yen made an all-time high against the USD. However, the rally didn’t last long as the G7 started intervening along with the Bank of Japan to stabilize the yen. Such a strong yen cannot be good for a country that’s not only trying to work through the catastrophic events from two […]
Applied Materials (AMAT)/Semiconductors Weak Today
It doesn't matter whether we look at the chart of AMAT, CY, or SMH. They all show a break of support that could lead to fairly significantly lower prices. Of course how long the weakness in the semiconductors can last in the face of a market with an identiy crisis is anyone's guess. The behavior […]
Blogging From TheSteadyTrader.com
Good Morning Folks As of today, March 21 2011, I will be blogging from this new URL: www.TheSteadyTrader.com and the old URL (www.consistentfuturestrading.com) will no longer be updated. We are still in the process of moving a few things over to the new URL and by mid-week will have the Premium Member Services up and […]
Goldman Sachs (GS) Money Flow Chart
Here are the next support and resistance levels in the S&P 500, denoted by the horizontal white dotted lines…ok maybe they are off-pink.