Today’s stock market morning video is ready to watch here:
http://steadytrader.wpengine.com/video-2/video-may-2011/
Financials At Important Intraday Level
The financials as measured by the popular XLF etf is at a an important intraday level right this moment. After gapping down at the open to start the week today, it then led the market higher and currently sits at just about the mid-point of last Friday's trading session. If it folds much below the […]
Technology Sector vs The S&P 500
As I scoured the S&P 500 sectors over the weekend in search of the'easiest' hedge/short I came accross the technology sector (as measured by the SPDR Technology Sector ETF XLK) and noticed the following: 1. While the XLK is currently still 10% off the 2007 highs, it did put in a more than solid performance […]
Today’s morning stock market video is uploaded and ready to watch here:
http://steadytrader.wpengine.com/video-2/video-may-2011/
Exxon Mobil A Tell For Energy Sector
The energy sector has been an underperformer over the past two weeks and currently sits at an important support price level, if we look at the XLE etf. For clues of behavior in the XLF I tend to look at Exxon Mobil(XOM), which currently also sits at critical support. A break below and price could […]
Mind The S&P Futures Gap From April 20th
On May 5th the top of the large 15 point up-gap from April 20th was tested but never attempted a fill. Last week Wednesday, Thursday and Friday the tape again felt heavier. We are thinking that should this April 20th gap again get tested it could then have a good chance of filling. If the […]
Starbucks Brewing Up A Nice Chart
Starbucks (SBUX) is brewing up a beauty of a pennant pattern. Bullish pennant pattern such as these break up and out of the pattern by definition. A breakout in either direction of the pennant however could lead to a fast and furious move.
What Members Of TheSteadyTrader.com Are Saying:
Read it here on our new Testimonials page: http://steadytrader.wpengine.com/about-2/testimonials/
The Steady Trader Featured On Minyanville
Our cyclical vs. non-cyclical S&P 500 sectors article was featured on Minyanville last week. See here: http://www.minyanville.com/businessmarkets/articles/non-cyclical-sectors-cyclical-sectors-cyclical/5/12/2011/id/34493
This week’s markets newsletter has just been sent out. Sign up here if you haven’t already
http://steadytrader.wpengine.com/newsletter/